Though the government tries as much as it can to spend from its own tax coffers, tax collection falls short, hence the deficit. Indeed, corruption might be a major reason why the Kenya Revenue Authority (KRA) is always missing its tax collection target, even from legitimate businesses. Updated Thu, May 12th 2016 at 00:00 GMT +3The International Monetary Fund (IMF) has given Kenya tough conditions for accessing credit. Most notable is that the budget deficit must be trimmed by up to 3 per cent for the country to get an emergency loan from IMF. The silver bullet to reducing our budget deficit is tackling corruption head-on.

Source: Standard Digital May 11, 2016 15:51 UTC