State eyes Sh20bn cut in equitable revenue share for counties

The government targets to hive off Sh20.12 billion from the money meant for counties as an equitable share of the revenue raised nationally in the current financial year in the wake of the rejection of the Finance Bill, 2024.

The planned cut is contained in a proposed amendment to the Division of Revenue Act, 2024, and will force the 47 devolved units to forgo a portion of the Sh400.12 billion allocated to them as their equitable share, and equally share the burden of the foregone taxes with the national government.