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{
"id": 1435790,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1435790/?format=api",
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"type": "speech",
"speaker_name": "Sen. Faki",
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"speaker": {
"id": 13211,
"legal_name": "Mohamed Faki Mwinyihaji",
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"content": "Thank you, Mr. Speaker, Sir. I stand in for the Chairperson of the Senate Committee on Finance and Budget who is on his way to Mecca to attend the annual Hajj pilgrimage. Mr. Speaker, Sir, I beg to move the County Allocation of Revenue Bill 2024, which was published and read on 3rd May, 2024 and read for the first time in the Senate at a sitting held on Thursday 30th May, 2024. Thereafter, pursuant to Standing Order No.145 of the Senate Standing Orders, the Bill was committed to the Committee on Finance and Budget for consideration. The Bill has been prepared in accordance with Article 218(1)(b) of the Constitution and revised among the county’s revenue allocated to the county level of government through the Division of Revenue Act, 2024. At the time of publication of the Bill, the Bill had provided for Kshs415,952,200,000 as equitable share to be divided among the counties. The figure was based on the Senate's amendment to the Division of Revenue Bill, 2024. Mr. Speaker, Sir, the Division of Revenue Bill, 2024 was enacted and the county equitable share for the Financial Year 2024/2025 stood at Kshs400,116,788,147. The allocation under the Division of Revenue Act, 2024 necessitates amendments to the First Schedule to the Bill. The CARA objective is to divide county equitable share in accordance with the basis of revenue allocation among counties under Article 217 of the Constitution of Kenya. The horizontal allocation among the county governments of Kshs400,116,788,147 is allocated per county by as follows- The first Kshs158.25 billion will be shared in accordance with the allocation ratio under Financial Year 2019/2020. The resultant balance of Kshs241.87 billion is allocated among county governments using the third revenue formula. The formula takes into account the following parameters contained in the third basis formula- Population, 18 per cent; health index, 17 per cent; agriculture index, 10 per cent; urban index, five per cent; poverty index, 14 per cent; land area index, eight per cent; roads index, eight per cent; and, basic share index 20 per cent--- Mr. Speaker, there is a lot of conversation going on---"
}