In a move aimed at reducing development imbalances in the country, President William Ruto has assented to the Division of Revenue Bill (National Assembly Bill No. 9 of 2023).

This has in effect resulted in the increase of County Equitable Share by Sh15.4 billion.

This means that counties will receive Sh385.4 billion in the 2023/2024 financial year, as compared to the current allocation of Sh370 billion, which is equivalent to 23 per cent of the accounts of revenue for 2019/2020.

Furthermore, the Equalisation Fund has been allocated Sh8.3 billion, which is an increase of Sh1.2 billion from the current financial year's allocation of Sh7.1 billion.

In addition, the devolved units will receive a further Sh11.1 billion as additional allocations from the National Government share of revenue and Sh33.2 billion as additional allocations from proceeds of loans and grants.

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The enactment of the Division of Revenue Bill paves the way for the preparation of the annual expenditure estimates for the 2023/2024 financial year.

Despite attempts by Azimio Senators to amend the bill and increase the county allocation to Sh 407 billion, the Division of Revenue Bill was passed without amendments in both the National Assembly and the Senate.