Counties will now be evaluated based on their efforts to settle inherited pending bills when approving exchequer releases, as outlined in the new law. The urgency of addressing pending bills is necessary as the government heads to the tail end of this year's financial year. Majority Leader Kimani Ichung'wa's proposed amendment to the Public Finance Management Act seeks to compel county assemblies to pass Finance Bills by June 30 each year. This deadline aims to streamline revenue collection processes and prevent revenue loss resulting from delayed passage of Finance Bills by county assemblies. The proposed amendment responds to a longstanding loophole that has impeded revenue collection efforts in counties, with some assemblies delaying the passage of Finance Bills by several months.


Source:   Daily Nation
May 09, 2024 16:13 UTC