Nairobi, June 10, 2024 – In a significant move to strengthen Kenya’s fiscal framework, President William Ruto has signed into law the Supplementary Appropriation Bill 2024 and the Division of Revenue Bill 2024.
The signing ceremony took place today at State House Nairobi, marking a crucial step in the government’s financial planning and resource allocation for the fiscal year.The Supplementary Appropriation Bill 2024 authorizes the reallocation of funds to various government departments and projects, ensuring the efficient use of public resources to address emerging needs and priorities.
This bill is expected to enhance the government’s capacity to respond to unforeseen expenditures and to fund critical sectors such as healthcare, education, and infrastructure development.Simultaneously, the Division of Revenue Bill 2024 outlines the allocation of national revenue between the national and county governments.
This legislation is essential for maintaining the financial autonomy and operational efficiency of county administrations, enabling them to deliver essential services to the citizens effectively.President Ruto emphasized the importance of these bills in promoting economic stability and sustainable development across the country.
“These legislative measures are pivotal in ensuring that our resources are allocated judiciously and in a manner that fosters equitable development,” said President Ruto during the signing ceremony.
The assent of these bills is expected to facilitate better financial management and transparency within the government, thereby reinforcing public trust in the administration’s commitment to economic growth and improved public service delivery.
