Nyandarua doubles development budget to Sh2 billion

Nyandarua county has doubled its development budget to Sh 2 billion, widening its budget gap that could see it increase local taxes. The development fund has increased from Sh 900 million in 2017.

The county plans to collect Sh 630 million from the 400 million collected in the last financial year.

The county plans to spend 6.8 billion in total in the year 2022 and 69.96 percent will go towards recurrent expenditure, while about 31 percent of the total budget is dedicated to development expenditure.

The county will rely heavily on donor funding, goodwill from the national government, and other development partners to complete expensive flagship projects.

Finance executive Stephen Njoroge said that the increased target on county revenue collection does not automatically mean increased taxation to the traders, but the treasury will focus on streamlining revenue collection.

The growth is due to a conducive environment created by the government, and the main focus is to streamline revenue collection from this remarkable growth, which will be done through policy formulation but without burdening our traders and investors, said Dr Njoroge, who has grown tremendously in the last three years.

He says that most of the ongoing flagship projects are funded by the federal government and donor-funded because of intensive lobbying.

Dr Njoroge said that they had a good working relationship with the national government and goodwill from the donor community.