Sonko's County budget slashed at last minute
The budget presentation session has been postponed.
The Sh2 billion slash means that the total value has been reduced from the initial Sh34 billion to Sh32 billion to make it “realistic and attainable.”
Mr Mbatia team advised the County Treasury to focus on funding key sectors including Health, Education, Roads and Water.
The Kariobangi South MCA also said that the budget is over ambitious given the low revenue collection and advised the Executive to balance the recurrent expenditure with budget estimates.
“We feel that they cannot be able to finance the budget as at now. The executive needs to improve on the revenue collection and boost their revenue streams then we factor in the amount in the supplementary budget,” he said.
Appearing before the Budget Committee, the County’s acting Finance Executive Charles Kerich agreed that there are loopholes in some of the revenue streams and assured the members that they will be sealed.
The major streams include parking, public toilets and outdoor advertising among others. Nairobi’s revenue collection currently stands at Sh9 billion according to Finance Executive Charles Kerich. An additional Sh16.5 billion, however, is expected from the National Treasury in the National Government funding.
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