Revenue gap hits Sh43bn in four months to October

National Treasury Principal Secretary Chris Kiptoo addressing participants at Kenyatta International Convention Centre (KICC) on August 29, 2024.

Photo credit: File | Nation Media Group

The gap between actual and projected revenues in the first four months of the 2024/25 fiscal year to October has hit Sh42.9 billion on underperformance of tax collections.

The shortfall in total revenues is attributed largely to missed targets in the opening months of the financial year even as the Kenya Revenue Authority (KRA) marks a recovery in nettings in recent months.

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Note: The results are not exact but very close to the actual.