According to the 2023/2024 results, benefits paid reduced to 1.12 trillion from the 1.2 trillion shillings paid out in the previous year, as the number of claimants fell from 48,115 to 44,250 over the same period.
World Bank Country Manager, Mukami Kariuki says the ministry of finance must expedite Tax Exemption Rationalisation plan so that there is a clear policy on who is entitled to these incentives.
The Governor Emanuel Tumusiime Mutebile, says in a BOU statement, a high degree of uncertainty surrounds economic outlook, with many possible risks, with the main downside risk still being the coronavirus and possible variants.
