The Kenya Revenue Authority (KRA) collected Sh1.37 trillion in taxes in the eight months that ended February, leaving it with a daunting task of raising an average of Sh280 billion monthly over the next four months to meet its Sh2.5 trillion target for the current financial year ending in June.
Official data shows that between July 2023 and February 2024, tax collections by the KRA were just 55 percent of the revised annual target of Sh2.49 trillion. These collections were less than half (49 percent) of the original ordinary revenue target of Sh2.787 trillion that was set in the budget unveiled in June last year, latest data by the Treasury shows.
