insert_link Business / Economics Jobless Rate Surge Poses Tax Threat A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. today14 July, 2025
insert_link Africa Uganda’s tax system isn’t bringing in enough revenue but is targeting small business the answer? By Maria Jouste, United Nations University Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on 8 August 2023 over the country’s anti-homosexuality law. In early April 2024, traders in downtown Kampala protested against what they saw as high taxes and harsh enforcement tactics of the […] today29 April, 2024
Africa IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region By Seth Onyango, via bird story agency Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global shocks that exacerbated their debt vulnerabilities. Remarkably, no state has sought comprehensive debt relief since Ghana’s request over a year ago, signalling a trend of growing fiscal discipline across the region. The improvement bucks the trend of recent years, given that […] today25 January, 2024
