COUNTY COMMENCES REVIEW OF FINANCE ACT 2023
The County Government of Kakamega has begun the process of reviewing the Finance Act as stipulated in the Public Finance Management Act.
The Act defines and stipulates the revenue raising measures to be adopted in the County aimed at attaining the Own Source Revenue target set for the fiscal year, currently at Kshs 2 Billion.
Speaking while opening the workshop, the CECM for Finance and Economic Planning CPA Livingstone Imbayi asked the participating officers to focus on widening the tax so as to minimize the impact of taxation on individual taxpayers.
CPA Imbayi explained that increased own source revenue is key in realization of His Excellency Governor Fernandes Barasa’s six point agenda for Kakamega County and cushioning the County against the challenges of inconsistent and late disbursement of funds from the exchequer.
County Attorney CS Vivian Mmbaka reminded the officers that as much as the County Revenue Agency targets to achieve the County’s resource potential of Kshs 5.8 Billion, they must observe the canons of taxation and adopt measures that are within the applicable statutes while collecting revenue.
The workshop brings together officers from The Kakamega County Revenue Agency led by their Chief Executive Officer CPA Aggrey Musindalo as well as departments from which own source revenue is mobilized such as Health, Trade, Agriculture, Environment, Social Services, Lands and Public Works among others.