Collections from non-tax revenue sources climbed nearly two-fold in the first quarter of the current financial year, on the back of President William Rutoโs directive to parastatal chiefs to surrender surplus cash amid the increased digitalisation of payments for government services.[โฆ]CLICK HERE TO READ THE FULL ARTICLEโถ
The receipts hit a record Sh65.32 billion in the three-month period ended September, Treasuryโs monthly exchequer disclosures show, a 183 percent jump over Sh23.08 billion a year earlier.
The record non-tax revenue inflows into the exchequer, the governmentโs main account, โreflects the performance of receipts arising from the provision of government services, surplus funds from SAGAs [Semi-autonomous Government Agencies] as well as dividend incomeโ, according to a senior official at the TreasuryโฆCLICK HERE TO READ MORE ARTICLES>>>
