KRA Revenue Growth Outpaces Target in 2018/2019

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 7 August 2019.

On August 7, 2019, the Kenya Revenue Authority (KRA) reported a significant increase in revenue collection for the 2018/2019 financial year, with a total of KSh1.58 trillion collected, up from KSh1.435 trillion in 2017.

This represents a growth of 10% in revenue collection for the year 2018/2019, compared to a 5.1% growth in 2017/2018. However, the KRA missed its target of KSh1.605 trillion by KSh25 billion, attributing the shortfall to a decline in economic activities.

Notably, the KRA has shown impressive growth in collections over the past decade, with revenues more than doubling from KSh707 billion in 2011/2012 to KSh1.58 trillion in 2018/2019.

The tax authority attributed its expansion in collections to the recently launched 7th Corporate Plan, which aims to mobilize revenue through transformation, data-driven decision-making, and tax base expansion.

The plan will be delivered through the integration of technologies like iTax and IFMIS to promote compliance at national and county level.

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