Bloomberg News

Kenyan Revenue Collection Jumped 19% in Last Fiscal Year

July 05, 2011

(Updates with comment by commissioner in second paragraph.)

July 5 (Bloomberg) -- Revenue collection in Kenya, East Africa’s biggest economy, jumped 19 percent in the fiscal year through June as the country added more taxpayers, the Kenya Revenue Authority said.

Receipts rose to 634.9 billion shillings ($7.16 billion) from 534.4 billion shillings in the previous 12 months, Commissioner General Michael Waweru told reporters today in Nairobi, the capital. The amount was 0.7 percent above a revised target of 630.7 billion shillings, he said.

The authority registered 184,550 new taxpayers last year, boosting collection of domestic taxes by 21 percent to 408.8 billion shillings, Waweru said. State officials also began paying taxes on their salaries under rules introduced in the country’s new constitution, which was implemented in August.

“I would like to extend our gratitude to the Kenyan public for impressing upon their elected parliamentary representatives to pay their share of taxes,” Waweru said. “I wish to call upon the public to exhibit similar zeal in ensuring that they too pay their rightful share of taxes.”

The authority is targeting a 16 percent increase in revenue this year to 733.4 billion shillings. The government’s fiscal deficit including grants is expected to widen to 236.2 billion shillings in the period through June 2012, equivalent to 7.4 percent of gross domestic product, Finance Minister Uhuru Kenyatta said last month.

--Editors: Philip Sanders, Alastair Reed

To contact the reporter on this story: Paul Richardson in Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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