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Kenya looks to fix finances by nailing tax cheats, cutting borrowing

Kenya looks to fix finances by nailing tax cheats, cutting borrowing

DUNCAN MIRIRI KENYA plans to link its tax collection system to mobile financial platforms to weed out tax evaders and boost revenue by billions of shillings, part of a raft of measures to repair its coffers, the finance ministry said in a draft budget statement. President William Ruto’s administration, which took over last September, inherited a heavily indebted economy after his predecessor ramped up borrowing to build infrastructure. The government plans to increase tax collection by 17% to 2.57 trillion shillings ($20.7 billion) in its fiscal year starting in July, the ministry said. It will also reduce its foreign borrowing…
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