Home National Revenue dry spell looms at Counties

Revenue dry spell looms at Counties

Share


People Daily | by John Otini


County governments face two months of delayed funding after the National Treasury confessed yesterday of a shortfall in revenues on Covid-19 pandemic shocks.

Treasury said in a statement disbursements of funds to counties is lagging behind by two months due to depressed tax revenues.

“However due to the adverse effects of Covid-19 and the subsequent containment measures that have slowed down economic activities, the disbursements to county governments are indeed falling behind by two months,” Treasury said…

Read more…


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version