Gen Z protest fears leave Sh90bn budget hole in three months

Chris Kiptoo

Treasury Principal Secretary Chris Kiptoo.

Photo credit: Dennis Onsongo | Nation Media Group

The Treasury has attributed a Sh90 billion tax shortfall for the three months to September to the Finance Act, which avoided new taxes on fears of youth-led protests.

Tax receipts for the first three months of the fiscal year, up to September, stood at Sh573.5 billion against a target of Sh663.5 billion.

PAYE Tax Calculator

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