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Counties using additional Treasury funds on salaries
The National Treasury building in Nairobi. Treasury’s borrowings from the Central Bank of Kenya (CBK) emergency kit have hit an all-time high of Sh107.5 billion.
Counties are using nearly all the additional funds they get from the Treasury every year to pay salaries, eroding the impact of equitable share of revenues that ought to better services.
Over the five years to June 2024, equitable share of revenues from the Treasury to counties rose from Sh314 billion to Sh354.6 billion. During the same period, the 47 counties’ wage bill rose from Sh163.4 billion to Sh215 billion.
