President Uhuru Kenyatta on 8th October 2020 signed into law, the 2020/2021 County Revenue Allocation Bill allowing the disbursement of public treasury funds to the 47 counties. This took place in State House, Nairobi.
The Bill was presented to the President by Ken Lusaka, the Speaker of the Senate. The ceremony was attended by Justin Muturi, the Speaker of the National Assembly and Treasury Cabinet Secretary Ukur Yattani.
Also present were Majority Leaders of both houses, the Senate and National Assembly Samuel Poghisio and Amos Kimunya, State House Deputy Chief of Staff Njee Muturi, Head of Public Service Dr Joseph Kinyua, Clerks of both Houses Jeremiah Nyengenye (senate) and Michael Sialai (national assembly) and the Solicitor General Ken Ogeto.
In the new law, a total of 369.87 billion has been allocated to counties in the current 2020/2021 fiscal year. Of the 369.87 billion, Ksh 316.5 billion is to be spent as Equitable Share among counties and 13.73 billion as Conditional Grants of the Government of Kenya.
The remaining 9.43 billion are for Road Maintenance and Fuel levy ,where else ksh 30.2 billion is allocated for Loans and Grants.
The county allocated funds is expected to be utilized in provisions of services across all the 47 Counties.