Treasury Misses Revenue Target as VAT Shortfalls Weigh on Q3 Fiscal Performance
The Treasury collected K40.49 billion in total revenue and grants by the end of the third quarter, falling short of the K44.79 billion target and resulting in an under collection of 9.61 percent, according to the latest fiscal data from the Ministry of Finance. Of the total collections, tax revenue accounted for K31.97 billion, while…