By Francis
Today, various stakeholders voiced their concerns before the Senate Standing Committee on Finance and Budget regarding the Division of Revenue (Amendment) Bill, 2024. Central to the debate was the proposed reduction in equitable share allocations to counties, with stakeholders expressing significant opposition and offering alternative recommendations.
Bajeti Hub, a key participant, urged the Committee to reject the proposed amendment, advocating for the retention of the original KES 400.1 billion allocation stipulated in the Division of Revenue Act, 2024. The organization stressed that this allocation is crucial for adequately supporting County Governments.
Bajeti Hub also reiterated earlier proposals to enhance Counties’ Own Source Revenue (OSR), emphasizing the need for a realistic assessment of revenue collection capacities and the harmonization of county and national revenue systems.
The County Assemblies Forum (CAF) strongly opposed the proposed reduction from KES 400.1 billion to KES 380 billion, labeling the cut as unjustified and a threat to the viability of County Governments. CAF called for comprehensive fiscal reforms to address revenue shortfalls and improve public financial management.
The Institute of Certified Public Accountants of Kenya (ICPAK) also raised concerns, questioning the reliance on audited accounts from the 2020/21 fiscal year and urging a faster approval process to ensure accurate representation of national revenue.
Committee members praised the stakeholders’ contributions and encouraged further input to tackle the nation’s economic challenges. The meeting was attended by Senators Ali Roba, Tabitha Mutinda, Boni Khalwale, Eddy Oketch, Joyce Korir, and Mohamed Faki.
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