Nairobi, June 10, 2024 – In a move to bolster Kenya’s fiscal framework, President William Ruto has enacted the Supplementary Appropriation Bill 2024 and the Division of Revenue Bill 2024 into law.
The signing ceremony, held today at State House Nairobi, marks a crucial advancement in the government’s financial planning and resource allocation for the upcoming fiscal year. The Supplementary Appropriation Bill 2024 authorizes the reallocation of funds across various government departments and projects, ensuring the efficient utilization of public resources to address emerging needs and priorities.
This bill is poised to enhance the government’s ability to respond to unforeseen expenditures and to finance critical sectors such as healthcare, education, and infrastructure development.
Concurrently, the Division of Revenue Bill 2024 delineates the distribution of national revenue between the national and county governments. This legislation is essential for preserving the financial autonomy and operational efficacy of county administrations, empowering them to deliver essential services to citizens effectively.
During the signing ceremony, President Ruto highlighted the significance of these bills in fostering 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,” President Ruto stated.
The enactment of these bills is anticipated to facilitate improved financial management and transparency within the government, thereby reinforcing public trust in the administration’s commitment to economic growth and enhanced public service delivery.
