Kenya: Revenue Collected in Kenya Is Only Enough to Pay Salaries and Debts – Ruto

Nairobi — President William Ruto says the country’s total collection of Sh2.1 trillion is only enough to pay taxes and salaries, and thus there is a need for rooting for measures to slow the deficit hence reducing borrowing.

Speaking during the opening of the 13th parliament, Ruto noted that there is a need to invest at least 25 per cent of the country’s Gross Domestic Product (GDP) if the dream of becoming an upper-income country is to be achieved.

“This year alone, we budgeted to borrow Sh900…