×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - 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.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
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
Real Estate
Of demand and supply: Why affordable housing uptake has slowed down
Business
New policy fails to deliver tax predictability, expand tax base
Real Estate
Why investing in real estate over paper wealth makes sense
Real Estate
New solutions seal energy access gaps for homes