Saturday, 27 April 2013

NEWS KISUMU-Kisumu seeks Sh5bn to plug budget hole

Kisumu County expects the central government to fund a huge part of its projected Sh6 billion budget as it seeks to strengthen its revenue streams.

The county treasury anticipates the national government will chip in Sh5 billion since its current revenue estimates suggest that it can only generate about Sh978 million.

Chief finance officer Cephas Odhiambo said the county would take over and streamline revenue sources previously managed by the local authorities.

Mr Odhiambo was speaking at a Kisumu hotel during a public forum aimed at seeking views from the public regarding the budget.

Some of the sources of revenue are property rates, single business permits, market fees, street and bus parking fees as well as trade licensing.

Governor Jack Ranguma said they would rely on the central government since they were still grappling with transiti

.http://www.nation.co.ke/News/politics/Kisumu-seeks-Sh5bn-to-plug-budget-hole/-/1064/1759506/-/12mat6c/-/index.html