President Uhuru Kenyatta at Harambee House, Nairobi. FILE PHOTO | PSCU
President Uhuru Kenyatta has signed the 2020/2021 County Revenue Allocation Bill into law, paving the way for the release of the funds to counties after a three-month delay.
The new law allocates a total of Sh369.87 billion to counties comprising of equitable sharable revenue of Sh316.5 billion, national government grants (Sh13.7 billion), road maintenance levy (Sh9.4 billion), loans and grants (Sh30.2 billion).
Other allocations include leasing of medical equipment (Sh6.2 billion), level five hospitals (Sh4.3 billion), youth polytechnics (Sh900 million), and county headquarters (Sh300 million).
The Sh369.87 billion allocation was approved by the National Assembly on Tuesday evening, fast-tracking a process that had been delayed by senators as they clashed over the revenue formula.
The Bill was published on April 17 but was delayed at the Senate until September 29.
It divides the revenue raised nationally and allocated to county governments through the Division of Revenue Act among the 47 counties.
The enactment allows for the withdrawal of the funds from Treasury's Consolidated Fund and facilitates the transfer of these monied to respective County Revenue Fund.
Counties have gone without funds from the start of the new financial year on July 1, after senators failed to agree on a new revenue sharing formula to guide allocation for the next five years.
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