The Council of Governors has lauded the National Treasury’s effort to disperse an equitable amount of money allocated to the counties on schedule.
COG announced on Wednesday that the current financial year has seen an improvement in exchequer payments to counties, signalling a significant break from the past, when delays in payouts were the norm.
COG Chairman Martin Wambora stated that the timely release of county funds has improved budget absorption and ensured that citizens receive consistent service.
"As of today, the National Treasury has distributed Kshs. 140.89 billion to counties, accounting for 38 per cent of the overall equitable share allocation," Wambora stated.
COG has recommended the Treasury expedite the release of the outstanding balance of Kshs. 42.26 billion to enable counties to implement their other plans, despite the fact that the most critical needs have already been met.
This includes Kshs. 12.66 billion in November owed to 18 counties and Kshs. 29.6 billion owed to 47 counties in December.
Email: uzalendonews24@gmail.com to submit your story.
SUBSCRIBE TO OUR YOUTUBE CHANNEL
