NAIROBI, BY (PSCU)—President Uhuru Kenyatta has this morning at State House, Nairobi signed into law the 2020/2021 County Revenue Allocation Bill paving the way for the disbursement of exchequer funds to the Counties.
The new law allocates a sum of Kshs 369.87 billion in the current fiscal year to Counties and includes Kshs 316.5 billion of Equitable Share and Kshs 13.73 billion in Government of Kenya Conditional Grants.
Also included is Kshs 9.43 billion from the Road Maintenance/Fuel Levy as well as Kshs 30.2 billion in Loans and Grants.
The conditional allocation will be utilized in provision of services such as leasing of medical equipment and rehabilitation of youth polytechnics across all the 47 Counties.
The Bill was presented to the Head of State for signature by Speaker of the Senate Ken Lusaka at a ceremony attended by Speaker of the National Assembly Justin Muturi and Treasury Cabinet Secretary Ukur Yattani.