{"id":258511,"date":"2023-04-27T08:53:39","date_gmt":"2023-04-27T06:53:39","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/kenya-counties-to-get-more-in-revenue-share?lang=en"},"modified":"2023-04-27T08:53:39","modified_gmt":"2023-04-27T06:53:39","slug":"kenya-counties-to-get-more-in-revenue-share","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/kenya-counties-to-get-more-in-revenue-share\/","title":{"rendered":"Kenya: Counties to get More in Revenue Share"},"content":{"rendered":"<p><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/026d0e8ad4c3dbd\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/026d0e8ad4c3dbd\" alt=\"President of the Republic of Kenya\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/026d0e8ad4c3dbd\">Download logo<\/a><br \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/africarc\/loganalytics?press_id=252706&amp;press_source=President of the Republic of Kenya\" width=\"1\" height=\"1\" \/><\/p>\n<p>The County Equitable Share has increased by Sh15.4 Billion.<\/p>\n<\/p>\n<p>This means that Counties will receive Sh385.4 Billion in the 2023\/2024 financial year as compared to the current&nbsp;Sh370 Billion.<\/p>\n<p>The new figure is equivalent to 23 per cent of the accounts of revenue for 2019\/2020 &mdash; the most recent audited approved by the National Assembly.<\/p>\n<p>The move follows assenting to the Division of Revenue Bill (National Assembly Bill No. 9 of 2023) by President William Ruto.<\/p>\n<p>To reduce development imbalances in the country, the Equalisation Fund was allocated Sh8.3 Billion.<\/p>\n<p>This is an increase of Sh1.2 Billion from the current financial year&rsquo;s allocation of Sh7.1 Billion.<\/p>\n<p>In the new development, the devolved units will also be allocated a further Sh11.1 Billion as additional allocations from the National Government share of revenue.<\/p>\n<p>Moreover, they will receive Sh33.2 Billion as additional allocations from proceeds of loans and grants.<\/p>\n<p>Tuesday&rsquo;s enactment at State House paves the way for the preparation of the annual expenditure estimates for the 2023\/2024 financial year.<\/p>\n<p><i>Distributed by APO Group on behalf of President of the Republic of Kenya.<\/i><\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download logo The County Equitable Share has increased by Sh15.4 Billion. This means that Counties will receive Sh385.4 Billion in the 2023\/2024 financial year as compared to the current&nbsp;Sh370 Billion. The new figure is equivalent to 23 per cent of the accounts of revenue for 2019\/2020 &mdash; the most recent audited approved by the National [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":258512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-258511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2023\/04\/kenya-counties-to-get-more-in-revenue-share.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/258511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=258511"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/258511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/258512"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=258511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=258511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=258511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}