Uhuru signs Division of Revenue Bill into law

The Division of Revenue Act, 2015 provides for the equitable division of revenue raised nationally between the national and county governments in the 2015/16 financial year/PSCU

President Uhuru Kenyatta has signed into law the Division of Revenue Bill 2015 and Supplementary Appropriation Bill, 2015.

The Division of Revenue Act, 2015 provides for the equitable division of revenue raised nationally between the national and county governments in the 2015/16 financial year.
The Act indicates that the Total County Allocations in the new financial year will be Sh287.04 billion, which translates to 37 percent of the audited revenue.
The Supplementary Appropriation Act, 2015 authorises the release of the sum of Sh50. 464 billion from the Consolidated Fund for utilisation by the Government in fulfilling its financial obligations for the remaining part of the financial year that ends on June 30.
The Act indicates the amount each ministry has been allocated for recurrent and development expenditure for the remaining period of the financial year.

source: capitalfm kenya