Kenya's customs revenue reached Sh90 billion in September, surpassing the Treasury's target of Sh89.035 billion by Sh965 million. The increase was driven by higher imports, which contributed to the growth in non-oil collections. The Kenya Revenue Authority (KRA) reported the figures, highlighting a strong performance in customs revenue for the month.
The Treasury had set a target of Sh89.035 billion for September, but the actual revenue exceeded it by nearly Sh1 billion. This marks a significant achievement for the government's fiscal planning. The rise in non-oil collections reflects improved trade activity and increased import volumes. The KRA attributed the success to enhanced compliance and enforcement measures.
This outcome follows a period of economic recovery in Kenya, with the government focusing on boosting revenue through improved tax collection. The customs revenue is a key component of the national budget, contributing to public services and development projects. The surplus in September adds to the country's fiscal reserves, providing flexibility in managing economic challenges. The performance also aligns with broader efforts to stabilize the economy and meet international financial commitments.
