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"id": 781536,
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"type": "speech",
"speaker_name": "Hon. Ichung’wah",
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"speaker": {
"id": 1835,
"legal_name": "Anthony Kimani Ichung'Wah",
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"content": "The Division of Revenue Bill, 2018 provides for the equitable sharing of nationally raised revenue between the two levels of Government, as well as additional resources to counties in form of conditional allocations, in terms of grants and loans and the Equalisation Fund as provided for in our Constitution. The enactment of the Division of Revenue Bill, 2018 is critical in setting the stage for the preparation of the County Allocation of Revenue Bill for the Financial Year 2018/2019, which will inform the firming up and completion of the preparation of the annual Budget Estimates for the 47 county governments. Article 224 of the Constitution requires that county governments prepare and adopt the annual Budget and Appropriations Bills which are passed on the approved Division of Revenue Bill. To this end, the timely approval of the Bill will go a long way in facilitating the county governments process the budget-making in a seamless manner. I must take this opportunity to thank the HBC for allocating time for this Bill to have both the Second Reading and Third Reading this afternoon, and to complete and relay it to the Senate. It is worth noting."
}