{"id":80887,"date":"2023-01-19T15:15:27","date_gmt":"2023-01-19T15:15:27","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing"},"modified":"2023-01-19T15:51:44","modified_gmt":"2023-01-19T15:51:44","slug":"kenya-to-boost-tax-revenues-and-limit-borrowing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing","title":{"rendered":"Kenya to boost tax revenues and limit borrowing"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%.<\/p>\n

President William Ruto\u2019s government has been trapped by an indebted economy battled by high public debts ramped up by borrowing to build infrastructure by the previous leadership.<\/p>\n

The Kenya Revenue Authority (KRA) now plans to to intergrate its system with those of mobile phone operators\u2019 financial to catch tax evaders and at the same time tap on revenue.<\/p>\n

Kenya is now targeting to grow tax revenues above 17.8 per cent of the GDP in the aforementioned financial year 2023\/24, the targeted collection being $24.1 billion, and above 18 per cent of GDP over the medium term, its targeted collection being $32.2 billion.<\/p>\n

President Ruto had previously said that the government is targeting all Kenyans with national Identification cards to have the KRA pins.<\/p>\n

The government also said it will also reduce its foreign borrowing target for 2023\/24 by a percentage point of GDP, and the domestic borrowing target by just over a percentage point of GDP<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%. President William Ruto\u2019s government has been trapped by an indebted economy battled by high public debts ramped up by borrowing to build […]<\/p>\n","protected":false},"author":84,"featured_media":80884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[6857,7003,544,8297,312],"class_list":["post-80887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-kenya","tag-kenya","tag-kenya-industry","tag-william-ruto"],"yoast_head":"\nKenya to boost tax revenues and limit borrowing - kenya<\/title>\n<meta name=\"description\" content=\"Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borro ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya to boost tax revenues and limit borrowing\" \/>\n<meta property=\"og:description\" content=\"Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borro ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-19T15:15:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-19T15:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674128745.50.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya to boost tax revenues and limit borrowing\",\"datePublished\":\"2023-01-19T15:15:27+00:00\",\"dateModified\":\"2023-01-19T15:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\"},\"wordCount\":200,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674128745.50.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\",\"Kenya industry\",\"William Ruto\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-to-boost-tax-revenues-and-limit-borrowing\",\"name\":\"Kenya to boost tax revenues and limit borrowing - 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