Thread by @LeoKemboi

National Treasury @KeTreasury projects revenue of Ksh 2.4 trillion putting the deficit at Ksh 846 Billion. PBO estimates Ksh 2.2 trillion. IEA estimates less than that. In short, Treasury is setting up Kenyans for a Ksh 1.2 trillion deficit. #KeBudget2022_23

https://twitter.com/LeoKemboi/status/1512016299521712128

The Fiscal Deficit will be covered through Ksh 260 Bn- External Borrowing, and the rest internal borrowing.

Locally Manufactured passenger motor vehicles exempted from Excise.T. #KeBudget2022_23

E-cigarette Excise Tax > Ksh 70 per ML

Exempt input for pharmaceutical products- from Import declaration fees and RDL. #KeBudget2022_23

Change of Name of KRA to Kenya Revenue Service. #KeBudget2022_23

CS @KeTreasury- Require 50% of disputed tax after tribunal judgement.

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