Uhuru signs revenue division, supplementary funds bills into law

Politics and policy

 

President Uhuru Kenyatta (left) is received by Deputy President William Ruto at the JKIA upon arrival from Lusaka, Zambia, where he attended the burial of President Michael Sata last year. PHOTO | FILE 

By PSCU

President Uhuru Kenyatta has signed into law the Division of Revenue Bill 2015 and Supplementary Appropriation Bill, 2015. 

The Division of Revenue Act, 2015 provides for the equitable division of revenue raised nationally between the national and county governments in the 2015/16 financial year.

The Act indicates that the Total County Allocations in the new financial year will be Sh287.04 billion.

The Supplementary Appropriation Act, 2015 authorises the release of the sum of Sh50.464 billion from the Consolidated Fund for use by the Government in fulfilling its financial obligations for the remaining part of the financial year that ends on June 30.

The Act indicates the amount each ministry has been allocated for recurrent and development expenditure for the remaining period of the financial year.

The Bills were presented to the President Thursday evening for his signature by National Assembly Speaker Justin Muturi who was accompanied by the Clerk to the National Assembly Justin Bundi and the Solicitor General Njee Muturi.

Cabinet Secretary for the National Treasury Henry Rotich and Principal Secretary Kamau Thugge were also present at the event.