By PAUL WAFULA More by this AuthorTreasury will today (Thursday) unveil a raft of taxes to fund the Sh2.7 trillion budget as the government tries to revive the economy while keeping its lights on. If approved, Kenyans will pay 1.5 percent digital services tax on the gross transaction value, payable when making payment to the service provider. In the budget, Treasury is staring at a budget deficit of Sh835.9 billion, which can only be financed through additional debt. Counties are expected to receive Sh369.8 billion in the new budget, while Parliament and Judiciary will get Sh37.7 billion and Sh18 billion, respectively. “If you look at this budget critically, you will see that we are borrowing money to meet recurrent expenditure,” Mr John Mbadi, who is also a member of the Budget and Appropriations Committee, said.

Source: Daily Nation June 11, 2020 04:30 UTC