The government reaffirms its commitment to disbursing funds to counties, ensuring financial support continues despite current economic challenges.
Deputy President Rigathi Gachagua assured the government’s commitment to disbursing all allocated funds to counties. This is despite financial challenges after the withdrawal of the finance bill 2024.
He chaired the 24th Ordinary Session of the Intergovernmental Budget and Economic Council (IBEC) in Karen, Nairobi. He informed County Chiefs that the financial allocations for the last fiscal year had been fully disbursed.
The National Treasury was working on clearing pending monthly allocations to devolved units for efficient service delivery.
Gachagua urged governors to clear pending bills in their counties to boost the country’s economy.
The National Treasury reported a decrease in outstanding National Government pending bills. They plan to release revenue to counties covering July and August by September 2024.
The Deputy President also mentioned progress in addressing President Ruto’s directive on equal revenue sharing from national parks. A technical team was established by the Ministry of Tourism to develop an implementation roadmap.
The IBEC resolved to make necessary budget adjustments for the current fiscal year. This decision was made after the withdrawal of the Finance Bill 2024.
Counties were advised to vary the Division of Revenue Bill and restructure their Finance Bills appropriately.
The Council of Governors requested engagement with the Senate on this matter. They emphasized the need to combine available resources amidst exceptional circumstances.
Deputy President Gachagua highlighted the importance of cooperation with the Controller of Budget to deal with budgetary processes effectively.
