NATIONALNEWSPeople DailyTop Stories

Treasury, counties agree on Sh368b allocation

DPPS @PeopleDailyKe

County governments will receive Sh368 billion in equitable share of revenue this financial year up from last year’s Sh326 billion. Deputy President William Ruto said Sh314 billion would be in form of equitable share of revenue while Sh54 billion are conditional grants, bringing the total amount to Sh368 billion.

Addressing the Inter-governmental Budget and Economic Council (IBEC) members at his Karen office, Nairobi, yesterday, Ruto said during the last financial year, counties were allocated Sh302 billion and Sh24 billion in conditional grants, totalling to Sh326 billion.

“For the first time in the last five years, I must say this is the only time we have agreed on revenue share without any push and pull. We will now present one figure to the National Assembly,” said Ruto. He said the increase in allocation was arrived at after the Treasury and the Commission on Revenue Allocation (CRA) reached a compromise.

The meeting was attended by, among others, Cabinet secretaries Henry Rotich (Treasury), Eugene Wamalwa (Devolution), Sicily Kariuki (Health) and Mwangi Kiunjuri (Agriculture) and Council of Governors chairman Josephat Nanok.

Governors Salim Mvurya (Kwale), Charity Ngilu (Kitui), Anne Waiguru (Kirinyaga), Wycliffe Oparanya (Kakamega), Wilber Ottichilo (Vihiga), Joseph Lenku (Kajiado), Joyce Laboso (Bomet), Mwangi wa Iria (Murang’a), John Lonyangapuo (West Pokot), Francis Kimemia (Nyandarua) and Stephen Sang (Nandi) were also in attendance.

Others were Fahim Twaha (Lamu), Mahamud Ali (Marsabit), Muthomi Njuki (Tharaka Nithi) and deputy governor Joash Maangi (Kisii). “On behalf of the Council of Governors, I want to assure you that we are ready to work with the national government in implementing its development agenda,” said Nanok.

Ngilu lauded the government’s Big Four agenda aimed at transforming the lives of Kenyans. Rotich assured the meeting that National Treasury will ensure timely disbursement of funds to counties.

Show More

Related Articles