×
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

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 Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • 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
Who owns Kenya?: 2pc control over half of arable land
Business
Treasury pockets Sh245b from Safaricom sale
Business
Mbadi: Cash raised from Safaricom shares sale to fund infrastructure
Business
CS Joho on spot over licencing of Devki's multi-billion iron ore deal