Nairobi, March 15 -- The Treasury is pushing for more revenue collections from financial sector regulators to shore up the non-tax revenues whose underperformance disrupted funding of the budget for the 2022/23 fiscal year.

Sources told the Business Daily that Principal Secretary Chris Kiptoo on Tuesday held a meeting with the chief executives of the Insurance Regulatory Authority, the Capital Markets Authority and the Retirement Benefits Authority to deliberate on ways of helping the government raise more revenues.

The regulators collect billions of shillings each year in the form of levies, licence fees and fines, leaving them with substantial surpluses, which they remit to the Treasury.

The IRA, which is headed by Godfrey Kiptum, fo...