afrinew

african news

Uncategorized

President Ruto Boosts County Budgets with Ksh.46.3 Billion Injection

President William Ruto made a significant move on Monday by signing the County Governments Additional Allocations Bill, 2023, into law, which will inject an additional Ksh.46.3 billion into county coffers for the Financial Year 2023/2024.

The signing ceremony, held at State House Nairobi, was attended by prominent figures such as Prime Cabinet Secretary Musalia Mudavadi, National Assembly Speaker Moses Wetangula, Senate Speaker Amason Kingi, and Council of Governors chairperson Anne Waiguru. Also in attendance were majority leaders Arron Cheruiyot (Senate) and Kimani Ichungwah (National Assembly), as well as Kiharu MP Ndindi Nyoro.

President Ruto stressed the importance of this allocation, stating, “I’m pleased that we now have the resources to support our counties in fulfilling their mandates.”

Of the total allocation, Ksh.5 billion has been earmarked for the Fertilizer Subsidy Program to aid farmers by providing subsidized fertilizer. Additionally, Kshs.4.5 billion will be allocated to 18 counties under the County Aggregated Industrial Parks Programme, with each county receiving Ksh.250 million. Notable beneficiaries include Bungoma, Busia, Embu, Garissa, Homa Bay, Kiambu, Kirinyaga, Machakos, Meru, Migori, Mombasa, Murang’a, Nakuru, Nandi, Nyamira, Siaya, Trans Nzoia, and Uasin Gishu.

Moreover, Ksh.454 million has been allocated for the construction of county headquarters offices, benefiting counties such as Isiolo, Lamu, Tana River, Tharaka Nithi, and Nyandarua.

In addition to these allocations, Kshs. 29 billion will be dedicated to conditional allocations sourced from loans and grants from development partners.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *