Blow to William Ruto's Tax Plans as KRA Reveals the Following Data Six Months Into Power

When President William Ruto took over power seven months ago, he promised to unchain Kenya from the bondage of loans that had chocked Kenya for several years. In his reforms to make Kenya a tax free state, William Ruto recommended a raft of tax measures that will help his administration to raise money internally without borrowing.

He even went ahead to scrap all waivers that the previous administration had put in place to caution Kenyans of the tough economic times. Not stopping there, Ruto also direct a Ksh 300 billion cut from the state agencies so that the money can be channeled to other use.

Seven months down the line, Kenyans have been crying of the hard times due this these punitive tax measures that were put in place. This has attributed to the rise in the general coat of living with a majority of households unable to buy even the basic commodities.

Today, the Kenya Revenue Authority (KRA) has revealed that the have missed to hit the target that they were given by president William Ruto. New data shows that tax collection in the six months of the current financial year fell short of the new government’s target by Sh43.2 billion.

This deals a major blow to President William Ruto’s revenue collection plan to fund his campaign promises. This shortfall has now left Kenyans holding their breath to see whether Ruto will put up other tax measures to meet the shortage of what other measures that he will put in place to ensure that the shortage is met.

Earlier this week, Ruto said that Kenyans will have an easy time in the next financial year when he intends to reduce some of the taxes that are in place currently.