Council of Governors Seek Ksh 425 Billion For The 2023/2024 Financial Year

The Council of Governors has requested that the National Treasury disburse Ksh.425 billion to counties for the fiscal year 2023/2024. The Commission on Revenue Allocation had earlier recommended a 10% increase in budgetary allocation to the counties which translates to Ksh. 407 billion from the original Ksh. 370 billion which seems not to be enough for the governors.

“In line with this, the Council proposes a 15% increase of the projected revenue growth in the financial year 2023/24 and hence allocates a minimum of Ksh.425 billion to counties. Addressing the press, Council of Governors’ chairperson, Anne Waiguru reiterated that the council was not going to accept county funds to be disbursed using the absorption rate. According to her, the absorption rate system has brought about balances in county revenue funds because of delays by the controller of budget to approve a requisition which takes more than two weeks.

The council has asked the treasury to expedite the disbursement of county revenue fund balances which currently stand at Ksh. 61.05 billion for October and November to ensure that service delivery is not crippled in the counties.

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