President Ruto assents to Division of Revenue, Supplementary Appropriation Bills

President Ruto assents to Division of Revenue, Supplementary Appropriation Bills

President William Ruto assents to the Division of Revenue Bill, 2024 and the Supplementary Appropriation Bill, 2024. Photo/PCS.

President William Ruto on Monday assented to the Division of Revenue Bill, 2024 and the Supplementary Appropriation Bill, 2024. 

The Bills that were passed by the National Assembly and the Senate will enable sharing of revenue between the national and county governments, and authorize issuance of Kshs.102B out of the Consolidated Fund respectively. 

Out of the Ksh.2.9 trillion total shareable revenue, the Bill has allocated Ksh.2.5 trillion to the National Government, while counties get Ksh.400 billion. 

The equitable share allocated to counties was an increase from the Ksh.385 billion issued in 2023/2024 Financial Year. 

The Bill also provides for an allocation of Ksh.7.8 billion to the Equalization Fund, which will be used to provide basic services including water, roads, health facilities and electricity to marginalized areas. 

On the other hand, the Supplementary Appropriation Bill sponsored by Kiharu MP Ndindi Nyoro will authorize the issuance of Ksh.102.3 billion out of the Consolidated Fund and apply it towards the supply granted for the service of the year ending June 30, 2024.

It will regularize Ksh.23.67 billion in expenditures.

A huge percentage of the funds will be utilised in mitigating the effects of the floods recently witnessed in Kenya. 

Ksh.4.3 billion will be used in humanitarian support to those affected by floods, Ksh. 1 billion for emergency rehabilitation of roads affected by the floods, and Ksh.3.0 billion for El Nino disaster management. 

Other funds have been directed to the fertilizer subsidy programme, to the Kenya Revenue Authority to boost revenue collection efforts and also the National Police Service medical insurance. 

Additional expenditures will be directed to addressing emergency interventions, such as El Niño flood responses and other critical interventions.


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Division of Revenue Bill Citizen Digital Citizen TV Supplementary Appropriation Bill

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