Saturday, November 28, 2020
Home Business Kenyatta Assents to Division of Revenue Bill 2019, Calls on Counties to...

Kenyatta Assents to Division of Revenue Bill 2019, Calls on Counties to Prioritize Settlement of Pending Bills

The new law allocates Sh378.1 billion to county governments for the 2019/20 financial year

BY GEOFFREY ISAYA

President Uhuru Kenyatta on Tuesday afternoon  signed into law the Division of Revenue Bill 2019 paving the way for the release of funds to counties. Kenyatta.

The new law allocates Sh378.1 billion to county governments for the 2019/20 financial year. Out of the total allocation, Sh316.5 billion is the equitable share of national revenue while 61.6 billion are conditional allocations to the devolved units.

The total allocation of Sh378.1 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 Sh50 billion to counties for the months of July and August.

Kenyatta, Division, Revenue
President Uhuru Kenyatta addresses a gathering of the national budget appropriation committee in Nairobi on Tuesday ,September 17 |PSCU

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.

Also Read- Technology Gave Filmmaking a Major Push

Present during the signing of the Bill on Tuesday 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.

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,780FollowersFollow

Most Popular

Goddess Sati: The Hindu Goddess Of Marital Felicity And Longevity

Goddess Sati, also known as Dakshayani who is the Hindu Goddess of power and longevity. Sati was the daughter of Daksha, so she is called...

50 Percent Of Anemia Worldwide Is Due To Iron Deficiency: Report

According to the National Family Health Survey, in India, more than 50 percent of children, women of reproductive age, and pregnant women suffer from...

Mandarin Oriental Hotel Group Pledges To Eliminate Single-Use Plastic

One of the leading hotel chains in the world, Mandarin Oriental Hotel Group had pledged to eliminate all single-use plastic, across its portfolio of...

Report: 78% Adults Indians Make A Conscious Effort To Build Immunity

The underlying message from COVID-19 was loud and clear if your immune system is weak or if you are suffering from any lifestyle disease...

The New F&B Destination Of Gurugram- The RYU Resto-Bar At 32nd Milestone

With delectable sushi platters to signature cocktails that leave you wanting more, RYU, a new Asian-themed bar, and diner in Gurugram's popular dining destination...

Tips To Help You Navigate The New Rules Of Dating In 2020

Single Indians are now ready to dip their toes back into dating in real life (IRL) as India unlocks. However, how does one do...

How To Become A Poker Pro

By Carol Trehearn Whether you’re completely new to the game of poker and are really enjoying the games you’ve played so far, or have spent...

A Buying Guide For Lanyards Amid COVID-19

By Cathy Carter COVID-19 has changed the way the world operates. Unimaginable lifestyle changes are adopted. You would have never thought of something as drastic...

Recent Comments