NAIROBI, Kenya, June 26 – The Nairobi County Government was on Tuesday set to table a Sh32 billion budget for the 2018/2019 financial year at charter Hall.
This is after the County Budget and Appropriations Committee reduced the proposed budget by Sh2 billion and the County Treasury to focus on funding key sectors which are Health, Education, Roads and Water.
The Committee chairman Robert Mbatia, who is also the Kariobangi South MCA, said the budget is over ambitious given the low revenue collection and advised the Executive to balance the recurrent expenditure with budget estimates.
When he appeared before the Budget Committee the County’s acting Finance Executive Charles Kerich agreed that there are loopholes in some of the revenue streams and assured the members that they will be sealed.
Major revenue streams for the county include land rates, parking, outdoor advertising among others.
The County’s annual revenue collection now stands at Sh9 billion according to Finance Executive Charles Kerich, with Sh16.5 billion expected from the National Treasury.
The executive had targeted Sh17 billion in revenue collection. MCAs said Sh15 billion was a more realistic target.
