Government lost K600M in 2022 – Report
By NATION REPORTER
GOVERNMENT in 2022 failed to collect nearly K630 million as revenue, the Public Accounts Committee (PAC) Report indicated.
A provision of K91, 035,038,437 was made for revenue collection against which amounts totalling K90, 405,786,259 were collected, resulting in under collection of K629, 252,178.
The PAC chaired by Warren Mwambazi observed that there was failure to meet revenue collection targets in the estimates of revenue and expenditure for the financial year ending December 31, 2022.
Meanwhile, there was underperformance of the Mineral Royalty.
Government attributed the underperformance of the collection of tax to the mining sector contracting in 2022 by about 4.7 percent from CLICK HERE TO READ MORE
