A story in Thursday’s Business Daily got me wondering about our true fiscal state. It’s now less than two weeks to the end of the current 2019/20 fiscal year. Yet counties have “only” received Sh257 billion out of this year’s Sh316.5 billion equitable share of funds from national government.
So, by week 50 of 52 (96 percent of fiscal year), allocations are at 80 percent of requirement. It is also implied that part of the unremitted Sh59 billion will settle roughly Sh15 billion in pending bills.
