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THE STANDARD
BUSINESS
National Treasury Cabinet Secretary Ukur Yatani at a past briefing. [Wilberforce Okwiri, Standard]
The National Treasury has admitted it is two months behind in releasing county funds.
Treasury Cabinet Secretary Ukur Yatani said the government had released Sh133 billion to county governments so far this financial year. He said of the transfers, Sh120.2 billion was the equitable share while conditional grants was Sh13 billion.
Responding to governors who had warned that services at the counties were grinding to halt after the Treasury failed to disburse funds for four months, Yatani said it was only two months that the Treasury had not released the funds. He said this was due to the adverse effects of coronavirus that had hurt revenue collection. ....

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