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Kenya aims to ramp up its tax collections in the next financial year to help President William Ruto’s administration ease the nation’s reliance on borrowing while boosting the economy.
The government has set a target to increase tax collection by nearly a fifth to 3 trillion shillings ($24.2 billion) in the year beginning July, the National Treasury said in a report. That will enable it to fund a bigger budget, despite a proposal to reduce net foreign borrowing by a third.
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