MTC REVENUE COLLECTIONS HIT 77 pc OF THE TARGET

Tarehe ya kuwekwa: June 3rd, 2024

By Alex Nelson Malanga

Information Officer----Mbinga TC

Mbinga.  In the first nine months of the 2023/24 financial year, Mbinga Town Council (MTC) own source revenue collections hit 77 percent of the entire given year’s target.

Mbinga Town Director Ms. Amina Seif said late last week that until March 31, 2024 revenue collections stood at Sh1.908 billion against the entire year’s target of Sh2.476 billion.  

This suggests that MTC was collecting an average of Sh212 million on the monthly basis against an average of Sh206.3 million that was required to be garnered, if the set annual target was to be hit.

Again, this implies that MTC has no mountain to climb since in the first nine months of the current financial year it had been collecting some Sh5.7 million more compared to the monthly average of Sh206.3 million.

With its revenue collections hitting Sh1.908 million in a space of nine months, the council has a simple task of collecting Sh568 million for it to hit this financial year’s target.

Why MTC has no daunting task ahead? The answer is simple; it now needs to collect an average of only Sh189. 3 million on the monthly basis to garner the remaining Sh568 million in three months (April-June).

“We are almost in line with the target. We are optimistic that we will attain the entire 2023/24 revenue collection target,” asserted Ms. Amina, with her sentiments being echoed by the MTC chairperson Hon. Kelvin Mapunda.

The duo, who were speaking during the MTC’s third quarter (January-March, 2024) Full Council meeting held here at the Oddo Mwisho Conference Hall, banked their hopes on the initiatives that the MTC management is taking to strengthen revenue mobilization efforts.

MTC major sources of revenue are maize crop cess, coffee crop cess, business license, rent, service levy, sale of plots, beans crop cess, refuse collection service fee and parking fee.