This archive report was first published on 10 June 2020.
Published on June 10, 2020, agencies warned that Kenya's regular failure to meet revenue targets would dampen efforts to steer the economy back to recovery.
The International Budget Partnership and Institute of Public Finance questioned Treasury's growth projections, stating that Cabinet Secretary Ukur Yatani's proposals to fund the Sh2.7 trillion spending plan for the 2020/2021 financial year were unrealistic.
They warned that the country's consistent failure to meet revenue targets and the government's appetite for debt would hinder economic recovery.
According to a memorandum presented to Parliament, the amount repaid as public debt was increasing amid reduced revenue collections due to recent tax laws amendments and large government expenditure.
The National Treasury was urged to seek debt relief from all creditors, adjust the national budget, and curb non-priority expenditure, including the suspension of non-priority infrastructure projects.
The memo was co-authored by 74 organisations in the civil society and private sector, including Transparency International, PATH, Amref, and National Taxpayers Association.
