Treasury’s tough task of raising Sh1.5trn in three months

Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u on May 17, 2023.  

Photo credit: File | Nation Media Group

The Treasury faces the difficult task of raising Sh1.58 trillion in revenues in three months to the end of June to fully fund its budget of Sh4.28 trillion for the current fiscal year.

Total exchequer receipts in the nine months to March stood at Sh2.7 trillion, according to new disclosures by the Treasury, resulting in a balance of Sh1.58 trillion or 36.9 percent of the approved budget.

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