Property Tax May Untie Kenya’s Central Government Knot
(Bloomberg) -- Kenya’s politically successful devolution of power to regional authorities has been made possible by increasing debt at a time when central government revenue as a percentage of economic output has slipped. This has widened the country’s fiscal deficit and constitutes a key economic risk, according to Bloomberg Economics. A government suggestion for regional authorities to raise tax on property would help make devolved government more financially viable, BE research shows.
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