By HELLEN GITHAIGA More by this AuthorTreasury Secretary Ukur Yatani has presented his Sh2.7 trillion Budget for the year starting July 1, outlining the spending plans, including the taxation measures to finance the proposals. The budget includes a stimulus package to jumpstart an economy ravaged by the Covid-19 pandemic. Here are some of the highlights:SMES: Treasury CS has directed ministries, departments and agencies to clear all pending bills failure to which funding will be withheld. DIGITAL: Online transactions to now attract a 1.5 percent digital tax as govt goes after growing e-commerce in the country. DEBT: “Our debt remains sustainable, despite some of the debt burden indicators deteriorating due to the impact of the Covid-19 pandemic which has elevated expenditure pressure,” CS Ukur Yatani said.

Source: Daily Nation June 11, 2020 11:41 UTC