President Ruto Signs County Allocation of Revenue and Equalisation Bills

The Equalisation Fund Appropriation Bill, 2023 and the County Allocation Revenue Bill, 2023 have both been signed into law by President William Ruto.

The 47 devolved units will be able to access cash in the new fiscal year that starts tomorrow owing to the two bills.

According to the County Allocation Revenue Act, each county is given Ksh 385.4 billion in shared income.

With Ksh 20.07 billion, Nairobi County Government will receive the largest allocation.

According to the Equalisation Fund Act, marginalised sections of Kenya will get Ksh 10.3 billion for basic facilities like electricity, water, and roads.

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 were among those in attendance at the Friday event held at State House in Nairobi.