Govt outlines tax reforms, debt management plan for Kenya’s 2027/28 budget
Treasury Principal Secretary Chris Kiptoo has outlined plans to strengthen tax collection, improve public spending and manage Kenya’s public debt as the government prepares the 2027/28 financial year budget and medium-term expenditure framework. Speaking during the public sector hearings for the FY 2027/28 and the medium-term budget at the Kenyatta International Convention Centre (KICC) in […]
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.
