Kenya Ordinary Revenue Outlook

by KenyaPolls

The National Treasury expects Kenya’s ordinary revenue collection to rise steadily over the next seven financial years, reflecting a determined effort to finance public services and government operations through regular domestic sources.

Recent data indicates that the government’s routine income, drawn mainly from taxes, fees, levies, and other standard sources, is set to increase consistently from the 2023/24 fiscal year through 2029/30.

For 2023/24, ordinary revenue is recorded at 2.288 trillion and is projected to rise to 2.42 trillion in 2024/25. The growth is expected to continue in 2025/26, with collections forecast at 2.784 trillion, before nearing the three-trillion mark at 2.985 trillion in 2026/27.

The medium-term outlook points to faster growth. In 2027/28, the state projects ordinary revenue will comfortably exceed the threshold and reach 3.39 trillion. This fiscal expansion is expected to continue, climbing to 3.658 trillion in 2028/29, and reaching a projected peak of 3.957 trillion in 2029/30.

The forecasts indicate a planned path for domestic resource mobilization, underscoring the state’s long-term fiscal strategy as it aims to secure funds for sustained public expenditure and day-to-day administrative operations.

You may also like