Receipts into the Consolidated Fund, which is the central repository for all government revenues, grew by 16.72 percent to cross the Sh3 trillion-mark in the first nine months of the fiscal year 2025/26, driven by stronger tax collection and a sharp rise in domestic borrowing.
The Consolidated Fund is the primary government bank account where all public revenues, including taxes collected by the Kenya Revenue Authority, external loans, grants, and parastatal surpluses.
Data from the National Government Budget Implementation Review Report shows total inflows stood at Sh3.21 trillion as of March 31, 2026, equivalent to 72 percent of the annual target.
This was up from Sh2.75 trillion reported in a similar period last year.
“In the first nine months of the financial year 2025/26, receipts into the Consolidated Fund amounted to Sh3.21 trillion, representing 72 percent of the net annual target, an increase compared to Sh2.75 trillion (62 percent of the annual target) recorded in the first nine months of 2024/25,” the Controller of Budget Margaret Nyakang’o said in the report.
“The receipts comprised balance from the previous financial year (financial year 2024/25), tax and non-tax revenue, domestic borrowing, external loans and grants, and other domestic financing.”
The receipts into the Consolidated Fund are utilised to fund all government operations.
“Receipts into the consolidated fund grew by 14 percent in the first nine months of the financial year 2025/26 compared with the same period in financial year 2024/25. This was attributed to increased domestic borrowing, which grew by 24 percent,” said the Controller of Budget.
Tax revenue remained the largest contributor, accounting for Sh1.72 trillion, or 54 percent of total receipts, and rising by Sh138.2 billion year-on-year. Non-tax revenue declined to Sh109.3 billion, down 12 percent from the previous year.
Domestic borrowing rose to Sh965.9 billion, a 24 percent increase, while external loans and grants increased to Sh402.6 billion, bringing total debt-related inflows to about Sh1.37 trillion in the period under review.
Other domestic financing sources contributed Sh8.16 billion, while the opening balance from the previous financial year added a marginal buffer of Sh6.4 billion to total inflows.
The Treasury has set Kenya’s Consolidated Fund Services recurrent spending for the coming financial year at Sh2.56 trillion. The amounts are legally mandated government expenses paid directly from public revenues without requiring parliamentary approval. They primarily fund public debt repayment, government pensions, and the salaries of constitutional office holders like judges.
