President Uhuru Kenyatta’s pledge to raise next year’s equitable shareable revenue by Sh50 billion on Tuesday unlocked the protracted formula stalemate. The Star also established that the lawmakers agreed to retain last year's formula for sharing revenue until the next financial year when a new formula, factoring in the Sh50 billion addition, is passed. The President pledged the colossal sum during a meeting with Senate leadership at State House, Nairobi. The contentious third basis for sharing revenue among the counties had split the lawmakers down the middle, with those whose counties were set to ‘lose’ revenue in the proposed formula, vehemently rejecting it. “The formula proposed by the Senate Finance committee be adopted as the new basis for allocating revenue to counties,” the brief reads.

Source: The Star September 15, 2020 17:15 UTC