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The Kenya Revenue Authority (KRA) has fallen short of its collection target despite collecting a record Sh2 trillion in taxes, with only one quarter remaining in the financial year. The shortfall occurs amid a broader economic downturn where the Kenyan private sector has experienced a significant decline in business activity. KRA is now aiming to collect Sh932 billion during the final quarter of the fiscal year to meet its annual targets. The economic slowdown has impacted tax collections while business output has decreased across various industries.
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