Thursday, November 28, 2024
spot_imgspot_img

Top 5 This Week

spot_img

Related Posts

Kiambu County Leads Mt Kenya Region in Revenue Collection

Kiambu County has emerged as the top revenue collector among the nine counties in the Mt Kenya region, according to the latest Controller of Budget (CoB) report.

This impressive achievement places Kiambu third nationally in terms of own-source revenue (OSR) collection, following Nairobi County, which topped with a collection of Sh3.81 billion, and Narok County, which was second with Sh2.93 billion.

Comparing the current fiscal year with the previous one, Governor Kimani Wamatangi’s administration collected a substantial revenue amounting to Ksh1.64 billion. This represents a significant increase compared to the previous year’s collection of Ksh1.1 billion.

The county’s remarkable performance is highlighted in the County Budget Implementation Review Report, overseen by Margaret Nyakang’o-led agency.

The CoB report attributes the surge in Own Source Revenue (OSR) to the implementation of an automated revenue management system. This system has effectively plugged revenue leakages and focused on key revenue streams.

Notably, the county has prioritized revenue sources such as physical planning fees, land rates, vehicle parking fees, hospital charges, and single business permits.

Kiambu County demonstrated a commitment to development by allocating a substantial portion of its revenue. In the specified period, the county incurred Ksh838.68 million on development projects.

This represents a remarkable 130.3 percent increase compared to the previous year, emphasizing the county’s dedication to infrastructure and service improvement.

The Facility Improvement Fund emerged as the highest revenue stream, contributing Ksh562.63 million. This fund comprises money collected from hospitals, either through cash payments or National Health Insurance Fund (NHIF) rebates.

Technical services offered by the county generated Ksh315 million, while property rates contributed Ksh281 million.

Additionally, the county received Ksh246 million from “other sources,” and vehicle parking fees amounted to Ksh155 million.

Nyeri County (Sh569 million) and Laikipia County (Sh425 million) emerged as the second and third-highest collectors, respectively. Nyeri benefited significantly from its Facility Improvement Fund (FIF) contributions. Laikipia saw a notable increase compared to the previous year.

Murang’a County (Sh295.12 million) and Nyandarua County (Sh222.93 million) displayed impressive growth compared to the previous year.

Meru County (Sh374.63 million) and Kirinyaga County (Sh192.71 million) generated decent revenue, with Meru also relying heavily on the FIF.

Tharaka Nithi County (Sh156 million) saw a significant improvement from the prior year. Embu County (Sh146.28 million) fell short of its revenue target.

Miriam Njogu
Miriam Njogu
A TS Soul, Bridging the Inner and Outer Worlds.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles