“I can’t pay: I won’t pay,” he said in September 2015, days before the Kenya National Union of Teachers (Knut) called off the strike. Raising taxesKenyatta’s Cabinet on Thursday approved a Sh2.6 trillion national budget with the Kenya Revenue Authority, which has often missed its tax collection targets, expected to raise Sh1.7 trillion, hence the gaping financing hole. That deficit is huge for every ordinary Kenyan, considering that it is equal to Kenyatta’s entire national budget in 2010, then as Deputy Prime Minister and Finance Minister. Economists are alarmed by the size of the budget deficit, which is nearly double the size Sh522 billion in the current financial year. If we are to use foreign currency borrowing then it is important that the shilling remains stable,” Mr Hira said.

Source: Standard Digital February 11, 2017 06:45 UTC