|Publisher||Council of Governors (CoG)|
|Year of Publication||2018|
...The County realized cumulative total revenue amounting to Ksh. 3.1 Billion against total budget estimated revenue of Ksh. 5.4 Billion representing 57% level of revenue realization. This is far below the targeted 75% expected by end of third quarter of Ksh. 4.0 Billion translating to projected revenue deficit of Ksh. 0.9 Billion. The County experienced delay by National Exchequer in release of equitable share allocation of revenue with cumulative disbursement of Ksh. 2.1 Billion, approximately 59% vis-a-vis expected release of 75% or about Ksh. 2.7 Billion hence deficit of Ksh. 0.6 Billion. Further there has been delay in release of conditional grants including money youth polytechnic development funds and World Bank loan to supplement health budget not yet received by end of quarter three. The local revenue also reported decimal performance with accumulated revenue realised amounting to Ksh. 140 Million representing 47% performance level. The trend indicate possible deficit in revenue collection and hence several austerity measures will also be implemented to cut on non essential expenditures.
|Tags||county, government, tharaka, nithi, quarterly, report, and, financial, statements, 2018, 19, 3rd, quarter, CoG of Tharaka Nithi Quarterly Report and Financial Statements 2018-19, Tharaka Nithi County Quarterly Report and Financial Statements 2018-19, Public Finance|