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Accountants fear Kenya may default on servicing debts if KRA misses revenue targets

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Kenya is expected to spend 34.7 percent of revenue in the next financial year on servicing the public debt against the recommended threshold of 30 percent. This according to the Institute of Certified Public Accountants is due to the rising public debt and the several loans that are set to mature in the next financial year. Accountants fear that Kenya may default on servicing her debts if KRA fails to meet its revenue targets.

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KBC Channel 1 KRA Institute of Certified Public Accountants Kenya
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