Sh370bn revenue Bill assented into law

budget, treasury, public borrowing

Nation | by Ibrahim Oruko

President Uhuru Kenyatta has signed the 2020/2021 County Revenue Allocation Bill into law, paving the way for disbursement of funds from Treasury to the counties.

The law allocates counties a total of Sh369.87 billion comprising equitable sharable revenue of Sh316.5 billion, national government grants (Sh13.7 billion), road maintenance levy (Sh9.4 billion), as well as loans and grants (Sh30.2 billion).

Other allocations include leasing of medical equipment (Sh6.2 billion), level five hospitals (Sh4.3 billion), youth polytechnics (Sh900 million) and county headquarters (Sh300 million)…

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