Sharp Daily
No Result
View All Result
Friday, November 7, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Treasury Denies Counties KSh.16 Billion In Additional Revenue

Sarah Wamaitha by Sarah Wamaitha
September 19, 2022
in News
Reading Time: 2 mins read
The National Treasury

[Photo/Courtesy]

The National Treasury has withheld Ksh15.8 billion worth in additional revenue after the devolved units allegedly failed to uphold the terms and conditions of funding about 12 projects.

A total of Ksh3.49 billion, Ksh2.39 billion, and Ksh3.89 billion of the funding are designated for the Kenya Climate Smart Agriculture Project, National Agriculture and Rural Inclusive Growth Project, and Water and Sanitation Development Project, respectively.

Others include Ksh2.8 billion for the Transforming Health Systems for Universal Care Project, Ksh789 million for the Agricultural Sector Development Support Programme II and Ksh798 million for the Kenya Informal Settlement Improvement Project (KISIP II).

Read: Treasury Allocates Ksh200M For William Ruto’s Inauguration

RELATEDPOSTS

Steps banks can take to align with fair lending practices

August 7, 2025

Treasury admits KES 73 billion budget error, seeks parliament’s approval for correction

March 7, 2025

County governments criticized the Treasury in June for delaying the distribution of additional cash which led to stagnation of Important county development projects. With only one month left in the financial year, they were intended for, the Council of Governors highlighted that no county government had received any additional allocations. The Treasury also reported that it finished paying out the counties’ fair revenue share due for the fiscal year 2021–2022 last month.

This follows previous complaints from governors arguing that the treasury has been making skewed disbursements from the public coffers, where other departments in government get their shares in due time while counties do not, yet the money originates from the same coffers.

Read: Counties Decry Discrimination By Treasury In Funds Disbursement

According to the County Allocation of Revenue Act, they were supposed to get Khh370 billion by June but had only received Ksh340.4 billion 92% of that amount. The National Treasury confirmed that it had finished sending the funds to the counties by August 29, nonetheless. The dispute between counties and the treasury over the disbursement of funds has been a constant dispute since the inception of devolution in 2013.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

How Kenyan Nurses Swindled US State Ksh. 12 Billion

Next Post

Blow To NSSF As Court Quashes Proposed Higher Deductions

Sarah Wamaitha

Sarah Wamaitha

Related Posts

News

Tanzania2025 election protests

November 7, 2025
News

How consistent saving can help you start and sustain a successful business

November 7, 2025
Mrima hill, one of he world's most significant deposits of rare earth minerals and niobium.
Economy

Kenya’s rare-earth minerals: How the country is becoming a global strategic hotspot

November 7, 2025
News

President Ruto’s historic handover: amboseli national park empowers maasai community, boosting Kenya’s tourism future

November 6, 2025
Kenya power technicians install a transformer at Ibutuka Village in Mbeere North in Embu County (Murithi Mugo, Standard)
News

Kenya government confirms nationwide electricity rationing amid supply shortfalls

November 6, 2025
Economy

Kenya’s private sector gains momentum amid economic reform

November 6, 2025

LATEST STORIES

Planning for Healthcare in Retirement

November 7, 2025

Tanzania2025 election protests

November 7, 2025

Kenya’s Crypto Asset Law Ushers in a New Era for Digital Finance

November 7, 2025

What Happens to Pension Funds When a Member Dies Before Retirement

November 7, 2025

How consistent saving can help you start and sustain a successful business

November 7, 2025

How legacy media firms are fighting to stay competitive

November 7, 2025
Mrima hill, one of he world's most significant deposits of rare earth minerals and niobium.

Kenya’s rare-earth minerals: How the country is becoming a global strategic hotspot

November 7, 2025

Safaricom’s profit jumps on revenue growth and operational efficiency

November 6, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024