This archive report was first published on 17 September 2019.
On Tuesday, President Uhuru Kenyatta signed the Division of Revenue Bill 2019 into law, marking a significant milestone in the country's devolution process.
According to the new law, county governments will receive a total allocation of Shs 378.1 billion for the 2019/20 financial year, representing 36.46 percent of the audited and approved revenue of the National Government for the financial year 2018/19.
Of the total allocation, Shs 316.5 billion is the equitable share of national revenue, while 61.6 billion are conditional allocations to the devolved units.
President Kenyatta reiterated the government's commitment to scheduled disbursement of funds to counties, urging them to finalize their budget processes and prioritize settlement of pending payments to suppliers.
He also urged county governments to come up with better systems of collecting and managing their own revenue.
Present during the signing of the Bill were Acting Treasury CS Ukur Yattani, Devolution CS Eugene Wamalwa, Speaker of the National Assembly Justin Muturi, Attorney General Paul Kihara Kariuki, and Treasury PS Dr Julius Muia among others.
With the new law in place, the National Treasury has already disbursed over Shs 50 billion to counties for the months of July and August.
