Budget 2027: Govt allocates RM80b for subsidies, STR and SARA rises to RM16b

The Kenyan government has outlined plans for tax reforms and debt management in preparation for the 2027/28 budget. Treasury Principal Secretary Chris Kiptoo addressed public sector hearings in Nairobi, emphasizing the government's commitment to pursuing economic growth while restoring fiscal discipline. The government aims to strengthen domestic revenue mobilisation, improve public expenditure efficiency, and protect essential social programs and investments.

To achieve this, the government will implement the National Tax Policy and Medium-Term Revenue Strategy to increase tax revenue collection, enhance tax administration, and broaden the tax base. Additionally, the Treasury plans to invest in technology to streamline tax administration and strengthen customs valuation. On expenditure management, the government intends to strengthen financial controls through the full adoption of the electronic government procurement system and the implementation of the Single Treasury Account to improve cash management and visibility of public funds.

Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.