Parliament has accused the National Treasury of setting an unrealistic revenue target in the budget, forcing the State to borrow more or cut back on development spending to cover tax collection shortfalls.
The Budget and Appropriations Committee of the National Assembly, in its report on the 2023/2024 Supplementary Budget II, said that by the end of April, the Treasury had a revenue shortfall of Sh222.2 billion against its 10-month target of Sh2.4 trillion.
