Treasury seen raising local debt as tax slides

The National Treasury building in Nairobi. FILE PHOTO | NMG

The government is likely to upwardly revise its domestic borrowing for the current fiscal year after surpassing its target in the first quarter amid a shortfall in revenue collection, analysts say.

The Treasury has a net domestic borrowing target of Sh306.8 billion for the year, coupled with internal debt redemptions (roll-overs) of Sh122.6 billion.

PAYE Tax Calculator

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