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Nairobi misses revenue target by over Sh8bn as financial year ends

Kenyans247 / Kenyans247 / General / Counties / Nairobi misses revenue target by over Sh8bn as financial year ends

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Nairobi misses revenue target by over Sh8bn as financial year ends by Kenyans247(1): Thu 09, July, 2020 09:00pm
Summary
This comes as KRA netted Sh1.87 billion in four months since taking charge of tax collection in the city county.
Revenue performance in Nairobi has been below par since Governor Mike Sonko assumed leadership.
Before KRA took over revenue collection in Nairobi, the county government had only collected slightly over Sh6 billion.

City Hall has missed its annual own-source revenue target by over Sh8 billion, posting the worst ever revenue collection since advent of devolution in 2013.

The county government posted Sh8.36 billion in the financial year ending June 30, 2020 against a target of Sh17.05 billion despite introducing a raft of new taxes and levies.

This comes as Kenya Revenue Authority (KRA) netted Sh1.87 billion in four months since taking charge of tax collection in the city county.

Before KRA took over revenue collection in Nairobi, the county government had only collected slightly over Sh6 billion.

FOUR MONTHS REVENUE

As at January 31, 2020, City Hall had only collected Sh4.7 billion against a target of Sh9.9 billion. This means that only Sh3.06 billion has been collected in the four months between February and May.

https://www.nation.co.ke/kenya/counties/nairobi/city-hall-misses-revenue-target-1447964

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