Relief for Governors as Ruto signs Bill allocating counties Ksh.387.4 billion
President William
Ruto has assented to the County Allocation of Revenue Bill, 2024.
This divides
the equitable share of revenue of Ksh.387.4 Billion among the 47 counties in
accordance with the revenue-sharing formula in force under Article 217 of the
Constitution.
The figure
represents 24.7 per cent of the most recently-audited accounts of revenue
received as approved by the National Assembly.
It exceeds
the 15 per cent minimum threshold required by the Constitution.
President
Ruto said the move will ensure that the devolved units deliver on their mandate
to the people effectively.
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