[Photo/TheStandard]Newly published estimates indicate that the next financial year, The Treasury has raised targets for the taxman as it plans to stabilize its debt and consolidate economic growth.In the next financial year, The Kenya Revenue Authority (KRA) is expected to collect Sh1.69 trillion up from Sh1.47 trillion in the current financial year ending June.The higher revenue target comes despite the fact that the taxman has consistently missed his quarterly revenue targets in the previous financial year even as recurrent expenditure continues to rise, putting a strain on public coffers.“Ordinary revenues will amount to Sh1.69 trillion (16.9 per cent of GDP) in the Financial Year 2018/19 up from Sh1.47 trillion (16.9 per cent of GDP) in Financial Year 2017/18,” says the Treasury in the 2017 Budget Review and Outlook Paper. Ordinary revenue is mainly, but not exclusively, tax revenue.Revenue performance will be underpinned by on-going reforms in tax policy and revenue administration to enhance yields, promote compliance and facilitate private sector growth and development says The Treasury.The taxman has been under pressure from the Treasury to collect more revenue. “In my

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