×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Wetang'ula says revenue sharing formula stalemate to impact budget

Vocalize Pre-Player Loader

Audio By Vocalize

President William Ruto assented to the Division of Revenue Bill 2023, (National Assembly Bill No. 9 of 2023) at State House, Nairobi, where counties will receive Sh385.4 billion for the 2023/2024 Financial Year. [PCS]

National Assembly Speaker Moses Wetangula, has warned that failure to resolve the revenue sharing formula stalemate for the 2024/25 Financial Year could jeopardise the budget cycle.

The Speaker called on the Council of Governors (CoG), the national government and Commission on Revenue Allocation (CRA) to urgently seek consensus on the matter.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Diesel shipment under scrutiny as experts flag irregular fuel checks
Business
Mbadi pushes back on calls to cut State's wasteful spending
By Brian Ngugi 23 hrs ago
Business
Why CBK rules punish Kenya's safest borrowers and lock millions of farmers out of credit
Business
Fixing execution crucial for Kenya's growth, official says