Treasury slashes Sh70 billion from county allocation, freezes loans

Commission on Revenue Allocation (CRA) Chairman, Micah Cheserem (right) and Vice chairperson Fatuma Abdulkadir go through the revenue sharing document recently. [PHOTO: BEVERLYNE MUSILI/STANDARD]

The Treasury is headed on a collision path with counties after proposing to allocate them Sh307 billion in the next financial year. This is nearly 20 per cent less from what the Commission on Revenue Allocation (CRA) recommended.

Details from the 2016 Budget Policy Statement (BPS) show that counties will receive Sh70 billion less compared to what had been proposed by CRA.