Sharp Daily
No Result
View All Result
Tuesday, May 13, 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

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

March 7, 2025

Treasury proposes taking over CBK’s role in managing government securities

January 23, 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

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025

NBA: Knicks, Pacers, Timberwolves near conference finals

May 13, 2025

Lets build roads not rails

May 13, 2025

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

Kenya’s moral commitment amid the rising refugee population

May 12, 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