Treasury CS Ukur Yatani. [Photo: Capital News]
September 21st 2020 – All the 47 counties could be receiving a portion of their budgetary allocation from this afternoon after the Senate passed the motion of revenue allocation on Thursday last week.
Treasury Cabinet Secretary Ukur Yatani, says the process for the release of funds is being fast-tracked to make sure the counties receive Ksh 60 billion of the Ksh 316.5 billion for the 2020-2021 financial year.
The passing of the motion came after the Senate finally agreed to use the second formula, to allocate the funds so that no county loses out as proposed by the rejected third plan of sharing funds.
Initially, on Tuesday, the senate had for the 10th time, failed to reach a consensus on the third basis revenue sharing formula for the counties.
“I want to assure Kenyans that we will disburse that money latest Monday. It has been here for the last 2 months and we have already finalized all the internal arrangements within the Treasury. The funds are ready and we are only waiting for the presidential assent,” said Yatani, last week on Friday.
The CS also clarified that the Treasury was not in a position to release funds before the senators came to an agreement on the funds allocation to counties. This came after the Council of Governors (COG) faulted the treasury for not releasing the 50% of county funds it had requested to ease county operations, such as paying the county workers. Mr. Yatani said the Kenyan law does not permit the Treasury to disburse money from the Consolidated Fund until the Senators had agreed.
“The Treasury cannot give the money without the authority of the two Houses. It is not possible. Funds from a consolidated fund cannot be disbursed in absence of any written law either appropriation or direct charge of the consolidated fund but that is now behind us,” Yatani said.
County functions are expected to resume complete normalcy, with the anticipated Ksh 60 billion from the Treasury, following the COG’s chairperson Wycliffe Oparanya’s new directives of counties to not shut down their services.