×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Wetang'ula says revenue sharing formula stalemate to impact budget

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.

Get Full Access for Ksh99/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Kenya launches national policy to align training with industry demands
By AFP 18 hrs ago
Business
China halts ban on export to US of some dual-use metals
Business
EAC countries in new push to raise regional food security
Business
Kenya scoops top honours at Africa's tourism awards