Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Underperforming revenue: What are Kenya’s options?
National Treasury and Economic Planning Cabinet Secretary John Mbadi when he appeared before the National Assembly Public debt and Privatization Committee at the Continental House in Nairobi on November 28, 2024.
There is non-contestable evidence that globally, no country has ever harnessed domestic resource mobilisation by raising tax rates.
When Mwai Kibaki (now deceased) got elected as president, the economy was growing at 0.5 percent and non-performing loans (NPLs) were at 35 percent. By 2006, the government was running a budget surplus. And by the time he left office in 2013, NPLs were at 5 percent but which currently stands at 17.4 percent with Sh717 billion as bad loans.
