Treasury seeks more revenue from financial sector regulators

The National Treasury Principal Secretary Chris Kiptoo. FILE PHOTO | BONFACE BOGITA | NMG

The Treasury is pushing for more revenue collections from financial sector regulators to shore up the non-tax revenues whose underperformance disrupted funding of the budget for the 2022/23 fiscal year.

Sources told the Business Daily that Principal Secretary Chris Kiptoo on Tuesday held a meeting with the chief executives of the Insurance Regulatory Authority, the Capital Markets Authority and the Retirement Benefits Authority to deliberate on ways of helping the government raise more revenues.

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