Six counties will lose more than Sh1 billion each if the new formula proposed by the Commission on Revenue Allocation (CRA) to guide how devolved units will share revenues from next financial year is adopted by Parliament, two lobby groups have told Senators.
The Institute of Certified Public Accountants (ICPAK) and International Budget Partnership (IBP) Kenya said the six counties would have their current allocations reduced due to introduction of new parameters in the sharing of revenue.
