Economy

Counties Receive Extra Ksh.46 Billion for Budget Support

County governments will receive an extra Ksh.46.3 billion to cater for their fiscal year 2023/24, sponsored by the County Government Additional Allocation Bill, 2023.

The Bill was signed into law on Monday by President William Ruto at State House.

“I’m happy that now we have resources that will support our counties to discharge their mandate,” said the president in the presence of other leaders including National Assembly Speaker Moses Wetangula and Prime Cabinet Secretary Musalia Mudavadi.

Ruto challenged MPs to deliver for their people, with his interest vested in farmers.

Also Read: Counties Fail to Meet Fiscal Responsibilities for FY 2022/23 OCOB Reports

Part of the extra kitty is Ksh.5 billion which will be dedicated to the Fertilizer Subsidy Program.

Kshs.4.5 billion will be allocated to 18 counties for the Under the County Aggregated Industrial Parks Programme where each county will get Ksh.250 million

The counties include Bungoma, Busia, Embu, Garissa, Homa Bay, Kiambu, Kirinyaga, Machakos, Meru, Migori, Mombasa, Murang’a, Nakuru, Nandi, Nyamira, Siaya, Trans Nzoia, and Uasin Gishu.

Governors will also receive new office headquarters in a Ksh.454 million kitty.

County Governments to benefit from this are Isiolo, Lamu, Tana River, Tharaka Nithi, and Nyandarua.

Further, Kshs.29 billion will be dedicated to conditional allocations from proceeds of loans and grants from development partners.

Other leaders present during the ceremony were Senate Speaker Amason Kingi, Council of Governor chairperson Anne Waiguru Majority Leaders Arron Cheruiyot (Senate) and Kimani Ichungwah (National Assembly) and Kiharu MP Ndindi Nyoro.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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