IMF backs Ruto's plan to raise taxes, target cheats, expand base
Kenyan President William Ruto (right) with IMF Managing Director Kristalina Georgieva. The IMF has backed Ruto's fiscal consolidation plan to raise more revenue in Kenya. PHOTO | FILE | PCS
The International Monetary Fund (IMF) has backed Kenya’s President William Ruto on his revenue mobilisation plan; that includes raising taxes, targeting cheats and the expanding tax base even as it raised concerns over the country’s high cost of living.
IMF Resident Representative for Kenya Tobias Rasmussen told The East African that high prices of essential goods burdened households across the world and suggested that Kenya needed to cushion those in greatest need while keeping the budget deficit in check.
