N
Originally published by Nation News
📰 Read Full Article
top
March 9, 2026
10h ago

Why MPs want Equalization Fund scrapped 5 years early

Why MPs want Equalization Fund scrapped 5 years early

The poverty alleviation fund is set to receive Sh9.6 billion in the 2026/2027 financial year...

✨ Key Highlights

Members of Parliament are advocating for the early disbandment of the Equalization Fund, citing a lack of tangible achievements and significant financial shortfalls. Originally established to bridge development gaps in marginalized counties, the fund is now under scrutiny for perceived mismanagement and delayed disbursements.

  • An estimated Sh62.77 billion is owed to the Equalization Fund by the National Treasury, hindering its intended purpose.
  • Members of Parliament, including Committee Chairperson Adan Yusuf Haji, have expressed frustration over stalled projects and the fund's limited impact.
  • Challenges identified include underfunding, corruption, poor project planning, and delayed releases from the National Treasury, leading to calls for its scrapping five years ahead of its 2030 constitutional deadline.

Continue Reading

Read the complete article from Nation News

📰 Read Full Article
Advertisement
Advertisement