Home Business News Economy President Uhuru signs into law the 2020/21 Revenue Bill

President Uhuru signs into law the 2020/21 Revenue Bill

President Uhuru has on Thursday signed into law the 2020/2021 County Revenue Sharing Bill in an event held at the State House.

The new law now allows the exchequer to disburse the allocated funds amounting to Ksh 369.87 billion to all counties for the current financial year.

Out of the said amount, Ksh 316.5 billion accounts for Equitable share, 13.73 billion if from the government to carter for conditional grants,9.43 billion for Road and Maintenance Levy and Ksh 30.2 as Loans and Grants.

Part of the purpose of the disbursed fund will make sure that leased medical equipment are paid for as well as development of polytechnics across all the counties.

Present during the ceremony were Speaker of both Houses Ken Lusaka and Justin Muturi, Majority Leaders from both Houses Samuel Poghisio and Amos Kimunya as well as the Solicitor General and State House Deputy Chief of Staff.

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