Treasury nominee Mbadi proposes annual public debt publication, KRA reforms, and increasing tax collection to 18%.

Treasury Cabinet Secretary nominee John Mbadi plans to tackle Kenya's public debt by making it a statutory document published annually for transparency. He also intends to reform the Kenya Revenue Authority (KRA), aiming to improve tax collection from 14% to 18% of the GDP. Mbadi criticizes the current borrowing strategy and emphasizes the importance of automation of systems to curb tax leakages and corruption in the revenue collection system.

August 02, 2024
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