Bomet revenue collection growth over the last six years has been a slow-paced improvement. The county began its annual revenue collection at Kshs 201 million in the year 2013-14. In 2014-15, the annual collection increase slightly to Kshs 206 million. The gains of 2014-15 were reversed, placing the collection below the base at kshs 167 million. In 2016-17 the revenue collection grew sharply to Kshs 237 million and dipped again drastically to kshs 181 million in 2017-18. In the last year 2018-19, the county collected kshs 211 million an improve of kshs 10 million from the first year. Bomet county has not fared well in increasing their revenue collection over the six years under review.
Slow-paced revenue growth by the county demonstrated the wide gap between the county’s collection and its’ estimated revenue potential. It is estimated that Bomet can collect up to kshs 505.6 million annually in own-source revenue. In 2018-19, the county was only collecting 41 per cent, which is less than half the estimated potential. Bomet County is in urgent need of reform in its revenue administration practices for enhanced revenue performance of the county.
During FY 2018/19 the County had projected to raise Kshs. 245,000,000, but realized Kshs. 212,685,762 representing 87 % of the annual target. The total county budget was Kshs.8.13 billion, hence own source revenue funded 2.6% of the county budget. The National treasury expected own source revenue potential per year for Bomet county was Kshs. 505,600, 000.The major revenue streams include hospital fees and public health services, property rates and single business permits.