Rich counties top list as revenues collection drops
Wednesday, July 1, 2020 0:01
By JOHN MUTUA
Controller of Budget Margaret Nyakang’o’.
Nairobi County headlined the fall after it raised Sh7.06 billion from Sh8.24 billion in similar period last year followed by Mombasa whose own-source revenue dropped to Sh2.44 billion from Sh2.61 billion.
An analysis of the counties’ target for the year ended yesterday shows that the devolved units’ nine-month collections fell by Sh880 million from similar period last year setting the stage for yet another fiscal period of missed revenue targets.
CoB Margaret Nyakang’o warned that the fall in own-source revenue collections continues to squeeze funds available for development projects at a time the counties have been forced to review their spending to fight the coronavirus pandemic.
The counties targeted Sh57.82 billion in the annual revenue collections for the 2019/20 period, meaning they raised less than half of the target with only three months to the end of the year.