KRA gets Sh17.6bn to increase tax collection
The allocation comes as KRA targets to raise about Sh900 billion by June 2026 to meet its annual revenue goal of Sh2.97 trillion. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenyan Government has allocated an additional Sh17.6 billion to the Kenya Revenue Authority (KRA) for the 2025/2026 financial year, aiming to boost tax collection and reduce public borrowing.
- The KRA is targeting to raise Sh900 billion by June 2026.
- President William Ruto approved the Supplementary Estimates I, which also raised total government expenditure by Sh393.2 billion.
- This funding comes as the KRA reported an 11.4 percent increase in collections for the nine months to March, reaching Sh2.04 trillion.
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KRA Gets Sh17.6bn to Increase Tax Collection - April 2026
The Kenyan Government has allocated an additional Sh17.6 billion to the Kenya Revenue Authority for the 2025/2026 financial year, aiming to boost tax collection and reduce public borrowing. Meanwhile, Kenyan Members of Parliament have summoned Cabinet Secretary Amina Wandayi to appear before a parliamentary committee amid a deepening fuel importation scandal and calls for his removal. At the same time, the Kenya Bankers Association is urging the Central Bank of Kenya to maintain the benchmark policy rate at 8.75 percent due to escalating global risks.
