General News

Counties to receive Ksh 409.88b in the 2021/2022 financial year – KBC | Kenya’s Watching

By

on

Download Video

County Governments will receive Ksh 409.88 billion in the 2021/2022 financial year, Ksh 53.5 billion more than they received in 2020/2021.

KBC Radio_KICD Timetable

In a tweet after the Intergovernmental Budget and Economic Council meeting, Deputy President William Ruto said the additional resources will facilitate post-COVID-19 pandemic economic recovery and ensure sustained service delivery at the counties.

The meeting was attended by Treasury Cabinet Secretary Ukur Yattani, Governors, CRA Chairperson Dr Jane Kiringai, Controller of Budget Dr Margaret Nyakang’o among other Government officials.

The meeting coming a day after the Council of Governors agreed on the proposed equitable share of funds among Counties with the Commission on Revenue Allocation (CRA) in the next budget.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

CoG had been at loggerheads with CRA and the treasury over the inclusion of conditional allocations in the proposed 2020/2021 budget saying it would not ensure equity in sharing the resources.

During the meeting chaired by Treasury Cabinet Secretary Ukur Yattani and attended by the Chair of finance committee of the Council of Governors the entities also agreed to issue guidance on how counties can raise funds through infrastructure bonds.

KBC-You-tube-728x90-New-2

Tell Us What You Think


(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.5”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Source by [author_name]

About admin

Leave a Reply

Your email address will not be published. Required fields are marked *