Counties can now start paying their pending bills.
This is after the National Treasury and Planning ministry has disbursed sh.24.6 billion to counties as part of their Equitable share.
A statement from Treasury Cabinet Secretary Ukur Yatani said that the funds were disbursed to Counties on Wednesday 20th January 2020.
“The total balances for the various county government now held at CBK amounts to KES 61.4 billion, and in this respect we once again appeal to them to make full and timely use of these funds, as additional disbursements from the Exchequer are made in due course,” read the statement in part.
“Further, it is our hope that the county governments will prioritize the settlement of pending bills to suppliers as well as other statutory dues to enable concerned institutions discharge their mandates effectively,” the statement continues to read.
The National Treasury now says it will prioritize disbursement to county governments following the general improvement of the economy and in particular positive revenue performance since December, 2020.