Budgets for Next Year may be illegal in Kenya

Budget making in the Kenyan nation and counties is far behind schedule, raising fears that these most important documents for the financial year 2017/2018 may finally be illegal. Parliament and County Assemblies have been already waiting as long as 13 weeks for pivotal papers needed for a responsible decision making process. This makes it more and more unlikely that the budgets and the necessary appropriation bills will be duly passed by March 31 as a National Treasury circular provides.

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County Revenue Fund

All money that is raised by or on behalf of the county government is to be paid into the County Revenue Fund.

The money deposited in the County revenue account include disbursements from the national government, locally raised revenue, appropriations in aid, and loans advanced to the County. Donor funds also have to be declared. Continue reading “County Revenue Fund”