Sh400.1 billion deal averts county cash crisis: Governors relievedGovernors have accepted a proposal by MPs of Sh400.1 billion as equitable revenue share in the next financial year, coming down from their demand of Sh439.5 billion. Council of Governors Chairperson, Anne Waiguru, on Tuesday, May 28, 2024, the amount negotiated by the Senate and the National Assembly are acceptable. Last month, the National Assembly approved Sh391.1 billion as equitable share to counties as proposed by the Treasury. The National Assembly Budget Committee chairman told governors to use the money prudently. The National Assembly Budget and Appropriations Committee rejected the amendments from the Senate, resulting in the standoff.

Source: Daily Nation May 29, 2024 15:04 UTC