Its Sh378bn for Counties as President Uhuru signs into law revenue bill

By Tobby Otum

President Uhuru Kenyatta has assented to the Division of Revenue Bill 2019 and called on Counties to prioritize settlement of pending bills.

The Head of State said he has signed into law the Division of Revenue Bill 2019 to pave way for the release of funds to counties.

He said the new law allocates Shs 378.1 billion to county governments for the 2019/20 financial year.

‘’Out of the total allocation, Shs 316.5 billion is the equitable share of national revenue while
Shs 61.6 billion is for conditional allocations to the devolved units,” he pointed out

President Kenyatta said a total allocation of Shs 378.1 billion to county governments represents 36.46 percent of the audited and approved revenue of the National Government for the financial year 2018/19 against the constitutional threshold of 15 percent.

The National Treasury has already disbursed over Shs 50 billion to counties for the months of July and August.

With the new law in place, the President reiterated the government’s commitment to scheduled
disbursement of funds to counties to enable them to continue delivering services to Kenyans.

He urged county governments to finalize their budget processes which should prioritize settlement of pending payments to suppliers such as the Kenya Medical Supplies Agency (KEMSA) for medical supplies to facilitate the delivery of the ongoing Universal Health Coverage (UHC) program.

President Kenyatta further urged county governments to come up with better systems of collecting and managing their own revenue.

Present during the signing of the Bill were Acting Treasury CS Ukur Yattani, Devolution CS Eugene Wamalwa, Speaker of the National Assembly Justin Muturi, Attorney General Paul
Kihara Kariuki and Treasury PS Dr Julius Muia among others.

Related posts

Leave a Comment