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Public debt eats up 98 per cent of revenue collected in January

Public debt eats up 98 per cent of revenue collected in January
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Kenyan , William-ruto , Njuguna-ndungu , Parliamentary-budget-office , National-treasury , National-treasury-cabinet , President-william-ruto , Actual-revenues , Net-exchequer-issues , Kenyan-gazette , Prof-ndung-u

Come clean on Sh17bn oil, Omtatah tells Murkomen, Chirchir

The senator says the oil was bought by the government with money 'stolen' from Consolidated Fund.

Busia , Western , Kenya , Galana , Kenya-general- , Kenyans , Kipchumba-murkomen , Cliff-ombeta , Okiya-omtatah , Ann-njeri-njoroge , Ann-njeri , Njeri-at-mombasa-law-court

Senator Okiya Omtatah claims Gov't financed businesswoman Ann Njeri in Ksh.17B oil saga

Busia Senator Okiya Omtatah has alleged that the government financed businesswoman Ann Njeri Njoroge in the contentious Ksh.17 billion fuel deal.

Njuguna-ndungu , Okiya-omtatah , Ann-njeri-njoroge , Kipchumba-murkomen , National-assembly-energy-committee , Ministry-of-petroleum , Energy-cs-david-chirchir , Petroleum-importation-regulations , Busia-senator-okiya-omtatah , Treasury-cabinet-secretary , Njuguna-ndung-u , Consolidated-fund

SHOCK as it emerges it is RUTO who imported Sh 17 billion oil through 'fake tycoon' ANN NJERI and wants to shortchange her – CHIRCHIR and MURKOMEN in the mix

Saturday November 18, 2023 - Busia Senator Okiya Omtatah has sensationally claimed that the controversial Sh17 billion oil was imported into the country by the Government of President William Ruto, through tycoon Ann Njeri. In a statement on Saturday, Omtatah dared Energy Cabinet Secretary Davis Chirchir and his Transport counterpart, Kipchumba Murkomen, to prove him wrong on the Sh17 billion oil…

Busia , Western , Kenya , Kenyan , Kipchumba-murkomen , Okiya-omtatah , Davis-chirchir , William-ruto , Ann-njeri , Ukur-yatani , Alice-njeri , Njuguna-ndungu

Kenya eyes cheaper loans amid low revenues, repayment pressure

Debt costs projected to hit Sh1.4 trillion in the current financial year ending June.

Kenya , Chris-kiptoo , William-ruto , World-bank , Kenya-revenue-authority , National-treasury , National-assembly , Revenue-authority , Actual-revenues , Net-exchequer-issues , Woods-institutions , Kenya-kwanza

Tax outlook as KRA eyes more funds

Recently, the current administration announced several disparate measures to be undertaken to increase revenue collection.

Nairobi , Nairobi-area , Kenya , William-ruto , Supreme-court , Nairobi-securities-exchange , Kenya-revenue-authority , President-william-ruto , New-year , Actual-revenues , Net-exchequer-issues , Finance-act

Fact Check: Nairobi gubernatorial debate claims

Fact Check: Nairobi gubernatorial debate claims
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi , Nairobi-area , Kenya , Narok , Rift-valley , Republic-of-kenya , Polycarp-igathe , Abaraham-rugo , Johnson-sakaja , Mike-sonko , Kenya-revenue-authority , Boundaries-commission

Cash crunch as 11 State entities miss development cash

THE STANDARD
By
Dominic Omondi |
March 16th 2021 at 10:57:57 GMT +0300
Development spending is the biggest casualty in the government’s latest austerity drive with Treasury’s disbursement to ministries dropping by 54 per cent in February.
State agencies received Sh163 billion in the eight months of the financial year (FY) 2020/21 for development spending, a substantial drop from Sh360.6 billion that they received in the same period last year,
This is captured in the latest Statement of Actual Revenues and Net Exchequer Issues by the National Treasury.
With only four months to the end of FY2020/21, 11 State agencies have not received any funds for development, an indicator that Treasury is keen on saving the cash or does not have it.

Kenya , Ukur-yatani , International-monetary-fund , Public-service-commission , Corruption-commission , Department-for-public-service , Equality-commission , Kenya-revenue-authority , Teachers-service-commission , Department-for , Department-for-correction-services , National-treasury

Cash crunch as 11 State entities miss development cash

Cash crunch as 11 State entities miss development cash
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Ukur-yatani , International-monetary-fund , Public-service-commission , Corruption-commission , Department-for-public-service , Equality-commission , Kenya-revenue-authority , Teachers-service-commission , Department-for , Department-for-correction-services , National-treasury

Parliament Approves The The Return Of VAT To 16%

By Soko Directory Team / Published December 23, 2020 | 12:13 pm
Kenya’s parliament has approved the National Treasury’s decision to revert taxes to Pre- Covid levels in January 2021 to manage the growing revenue deficit, cutting short the relief that Kenyans have been enjoying since President Uhuru Kenyatta made the order.
The government in March temporarily reduced taxes aimed at offering a reprieve for businesses and consumers who had been adversely affected by the pandemic. According to the President, the move was to cushion Kenyans against the effects of Covid-19.
In this case, income tax was reduced by 5.00 percent to 25.00 percent while VAT was cut by 2.00 percent to 14.00 percent. With the approval, VAT now goes back to 16 percent and income tax back to 25 percent.

Kenya , Kenyans , Uhuru-kenyatta , Soko-directory-team , Twitter , Speaker-of-the-national-assembly , Facebook , National-treasury , Members-of-parliament , President-uhuru-kenyatta , Value-added-tax-act , Value-added-tax-amendment