Inside the Supplementary Appropriation Bill 2024
President William Ruto has signed the Supplementary Appropriation Bill 2024 and the Division of Revenue Bill 2024 into law. He signed the bills on Monday at State House in Nairobi. The Division of Revenue Bill 2024, sponsored by Chairperson of the Budget and Appropriations Committee Ndindi Nyoro, was read for the first time on March 12, 2024. The Bill was then considered by the National Assembly and passed without amendments on March 20, 2024. It was subsequently forwarded to the Senate, which passed it with amendments on May 2, 2024, and referred it back to the National Assembly for concurrence. On May 13, 2024, the National Assembly considered and rejected the Senate's amendments. The Division of Revenue Bill 2024 aims to allocate nationally raised revenue between the national government and county governments for the Financial Year 2024/25. Inside the Bill: The government has reduced this financial year’s budget by KSh132.46 billion to KSh3.848 trillion, a 3.3% decrease. This a...