The Kenya Revenue Authority (KRA) has surpassed its revenue collection target for the 2024/2025 financial year, reporting a total of Ksh 2.571 trillion against a target of Ksh 2.555 trillion, marking a performance rate of 100.6%. This represents a 6.8% growth compared to the previous fiscal year’s collection of Ksh 2.407 trillion.

Despite economic headwinds—including the shelving of the Finance Bill 2024, high lending rates, and global trade disruptions—KRA recorded strong growth in key revenue streams. Customs revenue rose by 11.1%, reaching Ksh 879.33 billion, while domestic revenue grew by 4.8%, totaling Ksh 1.69 trillion. Agency revenue, collected on behalf of other government bodies, saw a dramatic increase of 119.5%, hitting Ksh 248.28 billion.

KRA Commissioner General Humphrey Wattanga attributed the performance to enhanced compliance measures, digital innovations like eTIMS, and targeted enforcement strategies. Notably, excise tax from betting services exceeded expectations, collecting Ksh 13.23 billion with a performance rate of 117.2%, while Pay-As-You-Earn (PAYE) taxes rose to Ksh 560.96 billion.

“For example, the first half of the Financial Year 2024/25 was characterised by numerous economic headwinds, including shelving of the Finance Bill 2024, high bank lending rates, global tariffs war, and international conflicts,” said Humphrey Wattanga

This achievement sets the stage for KRA’s next target of Ksh 2.75 trillion for FY2025/26, aimed at supporting Kenya’s Ksh 4.3 trillion national budget.