Yatani faces Sh9bn hole after cooking gas, plane tax scrap

Treasury Secretary Ukur Yatani. FILE PHOTO | NMG

Treasury Secretary Ukur Yatani faces a tough balancing act in his effort to cut fiscal deficit and tame public borrowing after MPs scrapped a number of proposed taxes, creating a Sh9 billion hole in his budget.

Last week, the National Assembly’s Finance and National Planning committee cancelled taxes proposed on pensions, helicopters and liquefied petroleum gas (LPG).

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