Kitui County records 71 percent revenue drop

Kitui County has recorded a 71.5 percent revenue drop in the first half of the 2023/2024 Financial Year compared to the first half of the 2022/2023 Financial year.

This is according to the Half-year County Budget Implementation Review Report by the Controller of Budget.

“In the first half of FY 2023/24, the County generated a total of Kshs.198.30 million from its sources of revenue inclusive of FIF and ordinary AIA. This amount represented a decrease of 71.5 percent compared to Kshs.696.52 million realized in a similar period in FY 2022/23.” The controller of budget in the report says.

The County was however among those that spent the most on development in the period under review. In the period under review, Kitui spent Kshs.5.68 billion; This comprised Kshs.1.05 billion on development and Kshs.4.63 billion on recurrent expenditure.

At the beginning of FY 2023/24, the Kitui County Executive reported a stock of pending bills amounting to Kshs.582.15 million. In the first half of FY 2023/24, pending bills amounting to Kshs.193.48 million were settled. Therefore, as of 31st December 2023, the outstanding amount was Kshs.388.67 million.

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During the period, expenditure on domestic travel amounted to Kshs.279.62 million and comprised Kshs.63.22 million spent by the County Assembly and Kshs.216.43 million by the County Executive. Expenditure on foreign travel amounted to Kshs.44.16 million by the County Assembly.

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