Kenya Revenue Authority collected a total of Kshs. 121.8 Billion against a target of Kshs. 120.4 Billion during the 2nd quarter of 2008/09 Financial Year, October to December 2008, a surplus of Kshs 1.4 Billion, according to the revenue report released by the Commissioner General Mr. M G. Waweru on Wednesday 7th January 2009.

 He said in the month of December 2008 the Authority collected Kshs. 48.0 Billion against a set target of Kshs. 44.1 Billion thereby surpassing the target by Kshs. 3.9 Billion.

In the Financial Year 2008/09, the Authority is expected to collect an ambitious target of Kshs. 492.9 Billion representing a growth of 13.6% over the Kshs. 433.9 Billion collected in 2007/08.
Mr. Waweru said that despite the less than promising economic environment leading into the second quarter and the absence of significant improvement in macro economic variables during the quarter, KRA was able to achieve significant revenue growth and thus meet the revenue target for the quarter.
 The economic performance leading up to the 2nd quarter has been poor contributing to the underperformance in the 1st quarter of 2008/09 and the beginning of 2nd quarter.

He said the turnaround in revenue performance during the second quarter was as a result of administrative measures put in place by the Authority which include taxpayer audits, recruitment, debt management, implementation of 24 hours a day operation at Mombasa and border points, port decongestion, post clearance audits, mobile licensing and TLB meetings security printed logbooks among others.

In the 2nd quarter, Customs Services department surpassed the set revenue target by Kshs. 5.4 billion while Domestic taxes and Road Transport departments fell short of their respective targets during the quarter by Kshs. 3.8 billion and Kshs. 0.3 billion respectively.

Cumulatively, revenue performance for the period July – December 2008 totalled Kshs. 230.7 billion against a target of Kshs. 239.5 billion representing a performance rate of 96.3 percent.