President William Ruto on Monday assented into law the Division of Revenue Bill, 2024. The bill will see counties get an enhanced equitable share of Sh400.1 billion. https://shorturl.at/6xe5S
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00:00 This state ceremony is convened pursuant to Article 115 of the Constitution for Presidential
00:05 Assent of the Supplementary Appropriations No. 2 of Financial Year 2023-2024 and the
00:13 Division of Revenue Bill 2024. The Bill advances the Administration's fiscal consolidation plan
00:19 through expenditure rationalisation. In that endeavour, the Bill reduces the overall budget
00:25 for financial year 2023-2024 by Kenya's shillings 132.46 billion from Kenya's shillings 3,981.53
00:40 billion to Kenya's shillings 3,848.07 billion. The other aspect of it with respect to Article
00:49 223 is to allow the National Government to undertake certain humanitarian measures in
00:58 areas that have been hit by the floods. There are also certain funds which have been directed to
01:04 mopping up excess milk that have been produced by our farmers. That is with respect to the
01:11 Supplementary Appropriations.
01:29 .