[Source: Kenyan Wall Street, by Wandiri Gitogo]
Senate Committee on Finance and Budget has adopted the third basis for allocating national revenue among the counties. Counties are entitled to receive an allocation from revenues raised nationally for the execution of their functions.
Once every five years, the senate is mandated by the constitution to determine the basis for allocating the share of the national revenues among the counties. Further, the sixth schedule stipulates that the first and the second determinations of the basis of the division of revenues among the counties shall be made at a three-year interval and…
