The Treasury’s earnings from public investments for the financial year ended June 2024 nearly doubled on the back of a presidential order that commercial parastatals surrender 80 percent of their net profit to the exchequer.
New disclosures show that investment revenue jumped 95.43 percent to Sh80.72 billion in the review period from Sh41.3 billion a year earlier, helping ease cash flow pressures at a time ordinary revenue receipts were off target by Sh172.1 billion.
