Kenya Revenue Authority's Revenue Misses Target for Fiscal Year 2023-24

Monday, 8 July 2024, 16:35

The Kenya Revenue Authority (KRA) failed to meet its revenue goal for the Financial Year 2023-24 by missing the target by Sh130 billion. This shortfall raises concerns about the country's fiscal health and the effectiveness of revenue collection measures by the KRA. With the impact of this revenue shortfall likely to be felt across various sectors, it highlights the challenges faced in meeting revenue targets amidst economic uncertainties.

The-star — Kenya Revenue Authority's Revenue Misses Target for Fiscal Year 2023-24

Kenya Revenue Authority Falls Short of Revenue Target

The Kenya Revenue Authority (KRA) aimed to collect Sh2.537 trillion by the end of the Financial Year 2023-24.

Key Points:

Missed Target: KRA fell short by Sh130 billion compared to the set goal.
Implications: Concerns arise over fiscal stability and revenue collection strategies.

The revenue shortfall highlights challenges in revenue collection amidst economic uncertainties.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Kenya Revenue Authority Falls Short of Revenue Target

Key Points:

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