KRA chair pushes back at IMF on tax-to-GDP rule, shilling policy

NAIROBI, Kenya, Oct 27 - Kenya Revenue Authority (KRA) chairman Ndiritu Mureithi has questioned the International Monetary Fund’s (IMF) insistence on Kenya breaking news | Kenya news today |..

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Kenya Revenue Authority (KRA) chairman Ndiritu Mureithi has challenged the International Monetary Fund's (IMF) strict adherence to global fiscal rules, particularly regarding the tax-to-GDP ratio and exchange-rate policies. He argues that Kenya’s economic management should prioritize local realities over rigid external benchmarks.

The IMF expressed concern during its recent visit that the Kenyan shilling was "too stable."
Ndiritu Mureithi, KRA chairman, questioned the dogmatic application of the tax-to-GDP ratio.
Kenya's tax-to-GDP ratio stands at approximately 14.2 percent, below the sub-Saharan average of 16 percent.

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