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 Business / Economics Interview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
