Big win for counties as budget allocation hits 37%

County governments are among the biggest winners in the 2015/16 budget.

Treasury Cabinet Secretary Henry Rotich has allocated Ksh287 bi*lion for counties, which is 37% of the most recent approved revenues of Ksh776.6 bi*lion. This is also more than twice the 15% const*tutional minimum threshold.

Meanwhile, he said Treasury has issued guidelines on drafting county finance bi*ls to tame the creation of taxes by county governments which could discourage investments.

ALSO SEE >>> MORE FUNDS FOR POWER DISTRIBUTION

                >>> SIX AREAS THE BUDGETS PLANS TO FIX