Match growth with higher tax collection: EconomistStanChart Chief Economist. To deal with its debt problem, Kenya has to not only churn out more goods and services but also collect more taxes.Unfortunately, even in periods of high gross domestic product (GDP) growth, tax collection has been wanting, says Razia Khan, Standard Chartered Chief Economist for Africa and the Middle East. Tax buoyancy - which measures efficiency and responsiveness of revenue mobilisation to GDP growth - has worryingly declined over the years. Already, most analysts have projected GDP growth to taper off at below six per cent in 2019 after an impressive run in 2018. This is especially important given our projection that growth will soften to just under six per cent in the coming years,” said Khan.

Source: Standard Digital February 10, 2019 09:28 UTC