Revenue collected by counties reduced significantly last year even as absorption of funds fell amid the coronavirus pandemic. Controller of Budget Margaret Nyakang’o (pictured) said counties generated a total of Sh12.72 billion from own source revenue compared to Sh15.33 billion collected in the same period of the previous financial year. Absorption rate is used to measure performance and is computed as a percentage of expenditure against the approved annual budget. The report came a week after Nairobi County revealed its revenue projections for the next financial year. Nairobi has been falling short of its revenue target since devolution started in 2013, despite the digitisation of 136 of its revenue streams.

Source: Standard Digital March 26, 2021 20:01 UTC