Govt releases Ksh.32 billion to counties

The National Government has released Ksh.32.761 billion to the 47 counties for the new financial year 2023/24.

Counties are expected to start utilization immediately, but again, only the counties with the Appropriation Act in place, presented their budget estimates and the Act to the OCOB and have fed their estimates into the system can start spending.

This was after the County governments concluded – in the month of June and early July, the preparation and final approval of the budget estimates for the year 2023/24.

The law requires the counties to conduct their public finance management with some level of responsibilities enshrined in the Public Finance Management legislation.

These fiscal responsibilities guide the prudential management of the county resources in matters of revenue with emphasis in expenditures.

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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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