Treausry CS Henry Rotich. [Photo/businessdaily]
The National Treasury is expected to release Sh77.4 billion to the 47 County Governments once President Uhuru Kenyatta signs the County Allocation of Revenue (amendment) Bill into law.
The money is part of the Sh345 billion approved for counties and was scheduled to be disbursed in the first quarter after the end of the financial year on June 30, 2017.
However, disbursement was delayed due to a technical hitch arising from a stalemate between the two Houses that meant some amendments had to be made on the County Allocation of Revenue Act (CARA).
The amendment Bill was first passed by Senate on November 9 and transmitted to the National Assembly for concurrence as required by the Public Finance Management Act.
Senate speaker, Ken Lusaka, on Tuesday told Senators that the Bill will now be taken before President Uhuru Kenyatta for assent having been approved by the National Assembly without amendments.