THE STANDARD
MONEY & CAREERS
Deputy President William Ruto (C), Treasury CS Ukur Yatani (R) and Laikipia Governor Ndiritu Muriithi (PHOTO: DPPS)
NAIROBI, KENYA: County Governments will be allocated an additional Sh53.5 billion in the 2021/2022 financial year, the Intergovernmental Budget and Economic Council chaired by Deputy President William Ruto has agreed today.
The new development means the devolved units will get an accumulated amount of Sh409.88 billion in the period under consideration.
The figure comprises an equitable share of Sh370 billion, conditional allocations from the share of National Government revenue of Sh7.53 billion, and conditional allocations from proceeds of loans and grants by development partners of Sh32.34 billion.
Governors, Treasury strike deal on cash for counties
Tuesday February 09 2021
By PETER MBURU
The Council of Governors (CoG), the National Treasury and the Commission for Revenue Allocation (CRA) will jointly table a common position on the equitable share of revenue for counties on Wednesday, Finance minister Ukur Yatani has said.
After months of deliberations, Mr Yatani said on Tuesday that they have “ironed out all the differences and we have agreed on a position,” adding that CRA was involved.
“We are now looking forward to going to IBEC with one position unlike in the past where we go and speak in tongues and leave there with a lot of challenges,” the Treasury Cabinet Secretary said during a press briefing in his office.