First quarter revenue growth slowest in five years

Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u on May 17, 2023.  

Photo credit: File | Nation Media Group

Tax collections for the first quarter of the current financial year increased at the slowest pace since 2018, excluding the pandemic year, despite enforcement of new taxation measures by the William Ruto administration.

The Kenya Revenue Authority (KRA) collected Sh514.26 billion in tax receipts in the three months through September, data published by Treasury Cabinet Secretary Njuguna Ndung’u showed Friday.

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Note: The results are not exact but very close to the actual.