KRA Exceeds 2nd Quarter Revenue Performance by 2.5 Billion

 
 

Kenya Revenue Authority collected Kshs 136.8 billion against a target of Kshs 134.3 billion representing 24.6 percent of the Financial Year 2009/10 target during the second quarter of 2009/10 Fiscal Year, October to December 2009. Commissioner General Mr. M G. Waweru while releasing the performance report at Times Tower, Nairobi on 7th January 2010 said the surplus of Kshs2.5 billion was realised in the quarter, despite the adverse economic environment.

He said the Authority is optimistic of surpassing the third quarter target and ultimately exceeding the target for the Financial Year.  The Authority is expected  to realise an ambitious target of Kshs. 545.2 billion representing a growth of 13.4 percent over the Kshs. 480.6 billion collected in 2008/09 Fiscal Year.

The Authority collected a total of Kshs 121.802 billion over a similar period during the 2008/09 Financial Year representing 12.3% revenue growth. KRA is expected to collect Kshs. 126.8 billion in the third quarter of 2009/10(January – March 2010).

 
 
 
 
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