Tax Arrears Waivers Propel Kiambu to Record Revenue 540M

Kiambu Revenue 540M
Kiambu Revenue 540M From Land Waiver

Kiambu County has witnessed a remarkable boost in revenue, with a significant increase of Sh540 million in the first half of the current fiscal year compared to the same period last year.

Furthermore, waivers on tax arrears and public awareness campaigns have notably enhanced revenue collection efficiency.

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Governor Kimani Wamatangi led the collection of Sh1.64 billion as Own Source Revenue (OSR) between July and December 2023, marking a striking 49 per cent rise compared to the previous year’s Sh1.1 billion.

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The bulk of the revenue, totaling Sh562.63 million, came from the Facility Improvement Fund (FIF), constituting 34 per cent of the total OSR receipts within the period.

County governments amassed a total of Sh19.95 billion from OSR during this timeframe, with Sh13.55 billion from ordinary own sources of revenue and Sh6.40 billion from FIF/Appropriation in Aid (A-I-A).

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CoB Margaret Nyakang’o’s latest report indicates that the realized own source revenue accounted for 24.9 per cent of the aggregate OSR annual target for FY 2023/24, amounting to Sh80.2 billion, a 3.5 per cent increase from the previous year.

The surge in OSR, including revenue from FIF, ordinary OSR, and other revenues, amounted to a significant Sh8.24 billion available for budget implementation.

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The report attributes this surge in OSR to the adoption of an automated revenue management system, particularly in streams such as physical planning, land rates, vehicle parking, hospital fees, and single business permits.

During the first half of FY 2023/24, pending bills totaling Sh254.33 million were settled, further demonstrating improved fiscal management.

Murang’a County was also highlighted as one of the top-performing counties in Central Kenya with increased OSR.

The effectiveness of tax arrears waivers underscores the significance of administrative decisions in shaping fiscal outcomes and driving economic growth, positioning Kiambu County on a trajectory of sustained fiscal prosperity.

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Gideon Mburugu

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