President William Ruto has today Friday 30 June 2023 signed into law the County Allocation Revenue Bill, 2023 and the Equalisation Fund Appropriation Bill, 2023 at State House Nairobi.
The County Allocation Revenue Act has allocated counties Ksh 385.4 billion in shareable revenue, with the two Bills set to enable the 47 devolved units access funds in the new 2023/24 financial year that begins tomorrow.
The Equalisation Fund Act has appropriated Ksh 10.3 Billion for basic services such as water, roads, electricity and health to marginalised areas in the country.
Nairobi County Government receives the largest share, with an allocation of Ksh 20.07 billion.
Present at the function included Deputy President Rigathi Gachagua, Prime Cabinet Secretary Musalia Mudavadi, Speaker of the Senate Amason Kingi, Attorney General Justin Muturi and Senate Majority Leader Aaron Cheruiyot, among others.
