State nets Sh26.8bn from housing levy amid legal row

Employers and employees paid out Sh26.8 billion under the mandatory housing development levy in the six months ended December. PHOTO | SHUTTERSTOCK

Employers and employees paid out Sh26.8 billion under the mandatory housing development levy in the six months ended December, amid legal hitches that threaten to stop the controversial contribution.

Disclosures by the Parliamentary Budget Office (PBO), which advises lawmakers on the economy and budget, show the State Department for Housing and Urban Development had collected the amount against the Sh63.2 billion that the State targets to net by the end of the Financial Year ending June 2024.

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