KRA posts improved growth
25 January 2012, 11:33
Nairobi - Capital News reports that last quarter Kenya Revenue Authority (KRA) recorded an increase of 8.9 percent in revenue collections, despite the harsh economic climate between October and December 2011.
Michael Waweru, outgoing Commissioner General pointed out that the Sh14.5 billion growth to Sh 177.2 billion over what was posted in the second quarter of the 2010/2011 fiscal year, was registered against the backdrop of a ‘not so promising’ operating environment, which vindicated their increased efforts at mobilising revenues for the government.
Waweru added that the slowdown that started in the second quarter of 2011 calendar year spilled to the third quarter during which the economy expanded by 3.6 percent.
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