Nakuru records Sh320m increase in revenue collection

July 16, 2018
Shares
Governor Lee Kinyanjui said his administration would continue sealing loopholes that led to revenue loss.

, NAKURU, Kenya, Jul 16 – County Government of Nakuru has recorded a Sh320 million increase in revenue collection in the last financial year.

The County collected Sh2.28 billion in the 2017/2018 Financial Year up from Sh1.96B realized in 2016/2017 despite depressed economic activity caused by the long electioneering period.

Governor Lee Kinyanjui said his administration would continue sealing loopholes that led to revenue loss.

He maintained that the success of any County initiatives depended on its capacity to raise revenue for its projects.

“The County seeks to reduce its dependence on National Treasury disbursements through creation of a robust revenue base,” he said.

Kinyanjui said his administration had put in proper measures to ensure increased revenue collection.

“There is room for improvement because the Sh320 million increment is only 40 per cent of the potential collection and I am assuring Nakuru people that we will hit the target,” said the Governor.

County Executive Committee Member for Finance, Mr Joseph Kiuna said the County has broken down the revenue budget into targets for each revenue officer and each Sub-County as a measure to increase collection.

Kiuna said the 16 percent growth achieved in 2017/18 meant that Nakuru County qualified for the additional two percent allocated by the Commission on Revenue Allocation for counties that improve their own source revenue.

He also said the County plans to centralise revenue collection from line ministries and that appropriate legislative framework to enable this was almost complete.

He said plans to fully automate all revenue streams like parking, building plans, market fees and hospital services had commenced.

“Liquor licensing will also be streamlined to make it perform better,” said Kiuna

He added that his department intends to enhance land rates collections through geo-spatial plan and valuation roll.

Shares

Latest Articles

Live prices

Stock Market

Most Viewed