Fate of projects hang in balance as counties lose Sh19 billion in local revenue - News Summed Up

Fate of projects hang in balance as counties lose Sh19 billion in local revenue


The figure also reflected a drop of about Sh4.5 billion from the Sh40.3 billion that was collected by counties during the 2018/2019 financial year. Other counties that also generated high revenue despite not reaching their revenue targets included Mombasa and Nakuru counties which collected Sh3.2 billion and Sh2.55 billion respectively. According to the COB, counties spent Sh104.5 billion on development against a budget of Sh187 billion. This means that about Sh82 billion meant for implementing development projects was not utilized. Although some of the projects were not included in the 2019/2020 budget, reports by the COB indicates that funds to implement development projects were available but counties underutilised them.


Source: Standard Digital October 26, 2020 08:31 UTC



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