Tax receipts slow down to a single digit growth

treasury

The National Treasury building in Nairobi. FILE PHOTO | NMG

Tax receipts have softened to a single-digit growth ending what was a post-Covid-19 lift in domestic revenue mobilization.

New data from the National Treasury actual revenues and net exchequer issues in six months to the end of December last year shows tax revenue grew by 9.6 per cent to Sh952.6 billion year over year from Sh868.8 billion a year prior in December 2021.

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