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THE STANDARD By
Frankline Sunday |
March 12th 2021 at 00:00:00 GMT +0300
Counties are set to get an additional Sh26 billion for the 2021/2022 financial year.
This is according to the Division of Revenue Bill, 2021, that provides for the revenue sharing formula between the national and county governments.
According to the Bill, counties have been allocated Sh370 billion in equitable share, up from Sh343 billion laid out by National Treasury Cabinet Secretary Ukur Yatani
(pictured) in the Budget Policy Statement (BPS) earlier this year.
In addition to this, counties also have Sh32.3 billion in conditional allocations, including Sh13.1 billion from the World Bank for devolution support, universal healthcare and agriculture projects.