Governors seek two more weeks to spend Sh40b

Kakamega Governor Fernandes Barasa commissioning the Sh17million Butere Hatchery Farm, where he called for the extension for closure of IFMIS by two weeks to allow counties absorb funds. [Benard Lusigi/Standard]

The Council of Governors (CoG) has called on the national government and the Office of the Controller of Budget to extend the closure of the Integrated Financial Management Information System (IFMIS) by two weeks to facilitate the absorption of the counties' Sh40 billion equitable share.

The CoG said the funds have been pending for some time, and the financial year ended on June 30, stating that unspent money, which usually returns to the exchequer, hinders the progress of key development at the grassroots level.