[Source: Business Daily, by Lynet Igadwah]
The National Treasury failed to transfer Sh48 billion to counties at the end of the financial year to June, triggering a cash crunch in the devolved units.
Counties were entitled to Sh362.8 billion from the Treasury, which comprised Sh316.5 equitable share and 22.8 billion conditional grants.
The Sh48 billion balance is an improvement of Sh50 billion compared to the Sh98.8 billion that the Treasury owed counties in the corresponding period a year ago.
County governors have repeatedly blamed delayed disbursements for…
