Counties tipped to struggle as revenues hit a 3-year low - 9 months ago, 17 Maý 00:06
County governments are likely to struggle to implement their development plans because of their dwindling ability to collect revenue.
The latest report from Controller of Budget Agnes Odhiambo shows that in the first half of the 2017/2018 financial year, county governments' own source revenue (OSR) dropped by 28.9 per cent to Sh9.95 billion.
In a similar period in the 2016/2017 financial year, counties had collected Sh14 billion.
The latest figures reflect a three-year low in revenue collection. The amount is 62 per cent lower than the Sh25.89 billion realised in a similar period of 2015/2016.
The revenue, achieved between July and December last year, translates to 18 per cent of the annual target of Sh55.84 billion. Counties now face a tall order to collect Sh45.89 billion before the close of the current financial year that ends in June. Ms Odhiambo warned that some projects might not be realised in the current ...
Category: business news