Business closures, lay-offs cost government Sh153b - News Summed Up

Business closures, lay-offs cost government Sh153b


However, the target had since been revised downwards, which means that the taxman had technically missed the target by Sh12 billion. The exchequer targets to raise Sh244 billion, slightly more than the Sh242 billion collected in the last financial year. Another 15 per cent of the respondents cited temporary business closure as the main reason why they were absent from work. Many of the jobless people struggled to pay rent, including 30.9 per cent who had never struggled and had religiously met their end of the bargain every month. Generally, 37 per cent of respondents were unable to pay rent, with slightly over a third paying on time.


Source: Standard Digital July 18, 2020 21:00 UTC



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