This archive report was first published on 2 July 2021.
Published on July 2, 2021, the National Treasury was set to clear the outstanding balance of Sh26.9 billion owed to counties for the financial year 2020/2021 which ended on June 30.
According to Ukur Yatani, the Treasury Cabinet Secretary, the disbursement of the sum will see the Treasury clear in full the Sh316.5 billion revenue allocation set in 2020.
Conditional grants amounting to Sh28.5 billion had also been released to the devolved units, enabling counties to meet their obligation to the private sector and spur economic activity at the county level, as part of the ongoing economic recovery programme.
Yatani emphasized that the National Treasury and leadership of the Council of Governors agreed that county governments prioritize the settlement of pending bills with the resources that have been released for financial year 2020/2021.
He added that the National Treasury shall give county governments adequate time to process and transmit payments through the Integrated Financial Management Information System (IFMIS).
