Hard truths.
Turkana recorded the weakest result, raising Sh162.92 million against an annual own-source revenue target of Sh1.2 billion. Its collections translated to a performance rate of only 13.6 per cent during the nine...
Even with the expected revenue and grants, the budget will still face a financing gap of Sh1.146 trillion, forcing the government to seek both local and foreign borrowing to bridge the shortfall.
Briefing the lawmakers, the Auditor General’s report read, “The statement of comparison of budget and actual amounts reflects final receipts budget and actual amount on a comparable basis of Sh1,503,865,584 and...