Treasury relief as State agencies, ministries beat revenue target for first time in years

Director-General for Budget, Fiscal and Economic Affairs at the Treasury, Albert Mwenda.

Photo credit: File | Nation Media Group

Collections from Appropriation-in-Aid (A-I-A) by government ministries, departments, and agencies (MDAs) have surpassed targets for the first time in many years, helping to ease pressure on budget financing and reduce the urgency for additional borrowing.

The latest data from the National Treasury shows that MDAs raised Sh503.38 billion in A-I-A in the financial year ended June, outperforming the Sh489.37 billion target.

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