Caught in between the devil and the deep blue sea
At the risk of being labeled a sadist, I’d like to state it here that I certainly think that the Kenyan economy is going through very interesting times. To paint the picture quite starkly, consider the following context; In just about 6 months, the government will be required to cough up to $ 3.6 billion to pay up for the first round of our monthly fuel imports in addition to that, in about the same time, multi-billion shilling loans will be falling due for payment. Now consider that, vis-à-vis the fact that the government is facing a revenue shortfall of about sh714.97 billion with only three months to the end of the current financial year. This means that for the tax man to meet the full-year target of sh2.108 trillion, it would have to collect at least sh238.3 billion every month to June or about sh7.9 billion daily, a feat more impossible than trying to fit a camel through the eye of a needle considering that the highest monthly collection achieved in the pres...