KRA wants budget allocation capped to 2% minimum of revenue collected

The Kenya Revenue Authority is making headlines as it points fingers at the national treasury for delayed budget disbursement, citing it as a key factor behind an anticipated revenue collection shortfall of over 300 billion Kenyan shillings. Additionally, court cases surrounding the finance bill of 2023 are exacerbating the situation. In a bid to address these challenges, the revenue collection body is urging parliament to consider a new law that would allocate 2% of collected revenue directly to the KRA's budget, with hopes that this will incentivize enhanced tax collection efforts. One that could potentially witness billions borrowed by the government to fund President William Ruto's inaugural budget.