Kenyaas economy is bouncing back following multiple shocks between 2008 and 2009. The program targets a gradual reduction in the central government primary balance through tax reform and strict control of current spending to bring the debt-to-GDP ratio below 45 percent at the end of the program period. Tax policy reform will focus on the VAT, streamlining tax incentives, and eliminating loopholes. Kenya has made significant strides in domestic revenue mobilization, but redesigning the tax structure is a key priority.However, serious delays have emerged in reporting, reflecting difficulties in establishing budget execution and ... A major issue for future work relates to the expansion of the coverage of the ODCs to include the Savings and Credit ... The KNBS compiles annual balance of payments statistics in Kenya shillings, following the Fifth Edition of the Balance of Payments Manual (BPM5) classifications.
|Title||:||Kenya: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2011-02-10|