In another unexpected milestone, Nairobi County has recorded an increase of Sh 1 billion in revenue collection for the year 2023/2024.
For the first time, the County recorded Sh13.7 billion in the 2024/2025 financial year compared to the previous year’s where only Sh12.8 billion was collected.
This was revealed during the official tabling of the 2025/2026 Finance Budget before the County Assembly by Finance and Economic Planning CEC Charles Kerich.
At the same time Kerich assured city residents that no new taxes have been introduced despite an expanded tax base.
The total projected expenditure for the fiscal year amounts to Sh44.6 billion, comprising Shh31.2 billion in recurrent expenditure and KSh13.4 billion in development expenditure.
The allocation for development represents 30% of the total budget, aligning with Section 107 of the Public Finance Management Act, 2012, which mandates that at least 30 percent of a county’s budget be allocated to development.
Kerich emphasized that retaining current tax rates was a deliberate move to cushion Nairobians from the effects of a difficult economic environment.
He added that, “Due to financial constraints, the taxes will not be increased to protect our people from the tough economic times,”
Instead, the county has opted to broaden its tax base, tapping into previously untapped revenue sources in a bid to improve service delivery without increasing the financial burden on residents.
Finance Chief Officer Asha Abdi expressed confidence in the county’s financial trajectory and growth prospects, even amid national political tensions.
Over 2.155B has been allocated to ward development programmes with 145 projects completed over the last year.
The county has also invested KSh2.8 billion in the construction and rehabilitation of roads and KSh1.033 billion for the construction and upgrade of sports complexes and stadiums, which serve as recreational centres for the youth.
