Booming economy-KRA collect 13% more tax in 1st Q compared to 2015.

[RV Pundit]

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http://www.the-star.co.ke/news/2016/10/24/tax-collections-in-the-first-quarter-2016-17-reach-sh289-billion_c1442699

[Nefertiti]

Do you think we have reached "take off" ala the tigers, Brazil, Turkey, etc?

[hk]

http://www.the-star.co.ke/news/2016/10/24/tax-collections-in-the-first-quarter-2016-17-reach-sh289-billion_c1442699

I think kra is doing a better job collecting taxes with e-filing and in doing so its slowly roping the informal sector. While at the same time the informal sector is formalising which bodes well for the economy. The digitisation of government is bearing fruits.   

[RV Pundit]

we certainly have turned the corner...and are probably ready for take-off . The growth is diversified and broad - and nothing seem to take it down - be it global meltdown or local factors - so maybe we are on take-off already - but we need to reach 8-10% annual gdp growth rate - and that can only be possible if we invest heavily in infrastructure or strike some minerals.

I reckon by 2020-2022 we will be ready for take off - with universal electricity coverage (from 60% now to 100%), maybe 20,000-30,000km tarmac road (out of 65,000 classified road networks), lapset & turkana oil, SGR all the way to Malaba, all these special economic zones & industrial parks, high growth in construction & real estate with at least 15 cities(thanks to devolution) -from current 5 (nbo,msa,eld,ksm,nakuru), doubling or tripling of formal retail & wholesale through expansion of supermarkets & malls (from 14-18% now to something close to 40-50% like in South Africa), demographically transition to having more adults than children (right now maybe 1/3 of counties have achieved this), more financial deepening thanks to mobile money & real growth of credit ( some estimate 300-500% credit growth is possible by 2020), accelerated expansion & modernization of gov services - universities & health.

In summary I'd say the earliest we can take off is 2020...latest 2022.

[RV Pundit]

true..kra performance is impressive compared to many in sub-sahara - now at 19-20% of gdp - and but we should aim for south africa - about 25% of gdp - and we will have enough money to heavily invest in roads, rail, power,gov services and social welfare.

I think kra is doing a better job collecting taxes with e-filing and in doing so its slowly roping the informal sector. While at the same time the informal sector is formalising which bodes well for the economy. The digitisation of government is bearing fruits.   

[Gumzo]

Too much positive nyeff nyeff on this thread so far
So I take this opportunity to remind you all that consecutive
annual Auditor general reports indicate that a whole third (1/3)
of revenue collected is either stolen or wasted.

So, 289B x 33% = 95 billion will go this way.

Respectfully;

[RV Pundit]

Yeah that need to be sorted.

Too much positive nyeff nyeff on this thread so far
So I take this opportunity to remind you all that consecutive
annual Auditor general reports indicate that a whole third (1/3)
of revenue collected is either stolen or wasted.

So, 289B x 33% = 95 billion will go this way.

Respectfully;