Business Daily | by John Mutua
Revenues raised by ministries and State agencies in the year ended June fell by Sh41.7 billion compared to the previous year, new Treasury data shows, highlighting the adverse effects of the coronavirus pandemic.
The National Treasury in the 2020 Budget Review and Outlook Paper shows that ministries and State agencies collected Sh160.2 billion from Appropriations-in-Aid (A-I-A) in the period, reflecting a fall of 20 per cent from Sh201.9 billion raised a year earlier.
The fall came at a time State-imposed restrictions…
