Controller of Budget Margaret Nyakang’o. [Boniface Okendo,Standard]The Controller of Budget Margaret Nyakang’o has presented a set of recommendations to address the high cost of living in Kenya, which has been a major concern for many citizens. The Controller of Budget further suggested reducing taxes on essential commodities and broadening the tax base by registering households in the informal sector and taxing their business activities. She also said that stringent measures should be implemented to eliminate corruption and ensure proper utilisation of public funds. The two financial institutions are expected to give expert input on the cost of living in a forum convened by NADCO.

Source: Daily Nation October 31, 2023 13:46 UTC