How Wavinya will fund
County's Kes 14 b budget
Governor Wavinya Ndeti has named sources from which she will fund her 2023/24 budget worth Kes. 14.75 Billion.
Running on the theme, "Building a Resilient Community Through Sustainable Food Security and Socio-Economic Empowerment", the proposed budget consists of Kes. 9.55b from Equitable Share, Kes. 2.99b from Own Source(Local) Revenue, Kes. 1.09b from the Conditional Grant and Kes. 1b from Health revenue.
She says her framework avoided introducing new taxes in the budget proposals due to the prevailing economic realities.
Without explaining, Wavinya says "We anticipate stabilization of the economy. Instead, there has been a deliberate effort to tighten financial controls and enforcement of fiscal discipline to seal leakages in revenue collection management." Her claim that revenue collection has grown from the previous KES. 12 Billion to the current KES. 14 Billion could not be verified as a fact.
The County chief says the 2023/2024 Budget that is based on the Socio-economic Empowerment Policy of 'Chakula Mezani Pesa Mfukoni.' that seeks to transform the livelihoods of Machakos County residents.
