Treasury targets Sh42bn from regulators

National Treasury and Economic Planning Cabinet Secretary John Mbadi.

Photo credit: Bonface Bogita | Nation Media Group

The National Treasury expects to increase the collection of surplus funds from cash-rich parastatals by 27.5 percent to Sh42 billion in the current financial year ending June, as it doubles its mop-up exercise.

Fresh disclosures show that the National Treasury netted Sh32.94 billion in surplus funds from regulatory authorities in the financial year ending June 2024.

PAYE Tax Calculator

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