Trea­sury yet to re­lease cash to 32 coun­ties

Business Daily (Kenya) - - ECONOMY & POLITICS - Lig­ad­­tion­

Two thirds of coun­ties are yet to re­ceive a cent from the Trea­sury in the first two months of the fi­nan­cial year to Au­gust, high­light­ing their strug­gle in pay­ing work­ers and bal­loon­ing sup­pli­ers debt.

The lat­est Kenya Gazette no­tice in­di­cates that 32 of the 47 coun­ties had not re­ceived a cent of the Sh314 bil­lion they are en­ti­tled to as eq­ui­table share of na­tional gov­ern­ment rev­enue two months into the new fi­nan­cial year.

The Trea­sury al­lo­cated the re­main­ing 15 coun­ties Sh4.03 bil­lion in the pe­riod un­der re­view with Mombasa get­ting the lion’s share of Sh430.7 mil­lion, fol­lowed by Ki­ambu’s Sh494.7 mil­lion and Mig­ori’s Sh335 mil­lion.

De­layed ex­che­quer re­leases cou­pled with poor own-rev­enue col­lec­tions have seen the de­volved units strug­gle to meet their obli­ga­tions in good time, lead­ing to an in­crease in the pend­ing bills.


The Na­tional Trea­sury build­ing in Nairobi. Lynet Igad­wah

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