Business Daily | by Edwin Mutai
The National Treasury wants a parameter on “fiscal effort” be reinstated in the formula used for equitable sharing of revenue among the 47 counties.
Treasury Cabinet Secretary Ukur Yatani said Parliament disregarded a proposal by the Commission for Revenue Allocation(CRA) to include the weighting, which is targeted at recognising the efforts of county governments in raising their own revenues to complement allocations by the national government…
