Kenya Increases Tax Revenue Target by 2% for 2021-22

Kenya increased its tax revenue target for the fiscal year ending June to 1.74 trillion shillings ($14.98 billion) from an earlier 1.71 trillion-shilling goal, Treasury Secretary Ukur Yatani says in gazette.

• Tax income in 10 months through April at 1.46 trillion shillings, equivalent to 84% of revised target
• Kenya has spent 840.8 billion shillings or 57.7% of tax revenue collected so far to service public debt
• Earlier: Kenya GDP Growth Seen Slowing to 4.9% in 2022 on Ukraine, Vote

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David Herbling in Nairobi at dherbling@bloomberg.net

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