Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Nyeri County Presents Sh7.4bn budget for FY20/21

NYERI, Kenya, Jun 26 – Nyeri residents have a reason to smile after county government on Thursday evening presented a Sh7.4 billion budget for the year 20/21 without increasing any levy to them.

This is despite the county revenue target of collecting Sh1billion projected not to be realised, with the county expecting to collect Sh650 million owing to closure of bussiness due to covid-19 resistrictions.

Presenting the budget which he described as zero rated, Nyeri county executive incharge of finance Robert Thuo said that this year’s rates will remain the same.

However, the county enforcement team will be more strict to ensure no one fails to pay rates payable to county government.

“Although we project shortfall of revenue due to restrictions which has seen many bussiness closed we are not increasing any rate so people should not fear,however we will be very strict to ensure everyone pays ceaser what belongs to him” said Thuo.

He said that so far they have slashed levies paid by matatu operators due to restrictions while at the same time the county has waived land rates.

In the budget hailed by members of county assembly as friendly to common mwananchi road construction and agriculture took the lion share of allocation.

Road construction was allocated over nine hundred million shillings,agriculture
250 million ,health 360 million and covid-19 intervention 40 million.

Ward development allocation suffered most with it’s funding slashed from thirty million to sixteen.
However ongoing projects were allocated 260 million for their completion.

Advertisement. Scroll to continue reading.

County assembly members who talked to the press lauded the budget saying they have no problem of slashing of their wards development fund.

The assembly will start debating the budget on tuesday next week before passing it.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...