1 SHARES Share TweetNAIROBI, Kenya, Aug 6 – President William Ruto has defended his unpopular revamped tax collection measures to fund the budget asserting it’s a successful measure implemented during President Mwai Kibaki’s regime. President Ruto exuded confidence that his administration’s tax collection measures will increase revenue collection and cut on debt borrowing which he says is not sustainable. “When Kibaki was the President, we used to collect Sh200 billion in revenue. President Ruto has said that his administration has managed to stabilize the economy despite criticism from his detractors that the economic outlook has worsened during his regime. President Ruto expressed that failure to initiate early plans to repay the foreign loans would have risked the country to default on the loan.

Source: Daily Nation August 06, 2023 16:32 UTC