This archive report was first published on 5 January 2022.
January 5, 2022, marked a significant milestone in the financial year for county governments, as the National Treasury made a concerted effort to disburse equitable shares of revenue allocated to the counties in a timely manner.
According to the Council of Governors (COG), the Treasury's efforts have led to an improvement in exchequer releases to counties, with prompt release of county finances enhancing budget absorption and continuity of service delivery to citizens.
COG Chairman Martin Wambora noted that as of January 2022, the National Treasury had disbursed a total of Kshs. 140.89 billion, which is 38% of the total equitable share allocation to counties.
Wambora further stated that all county governments had received their allocations for July, August, September, and October, and 29 counties for the month of November 2021, as per the approved disbursement schedule.
With the most pressing needs already catered for, COG has urged the Treasury to fast-track the disbursement of the outstanding balance of Kshs. 42.26 billion to enable counties implement their other programs.
COG Chairman Martin Wambora emphasized that this includes Kshs. 12.66 billion owed to 18 counties for the month of November and Kshs. 29.6 billion owed to 47 counties for the month of December.
