T
Originally published by The Standard
📰 Read Full Article
top
May 13, 2026
7h ago

Governors demand PFM Act changes to unlock Sh75.7 billion grant bonus

Governors demand PFM Act changes to unlock Sh75.7 billion grant bonus

Governors are pushing for amendments to the Public Finance Management Act to speed up the release of Sh75.7 billion in conditional county allocations...

✨ Key Highlights

Kenya's Council of Governors (CoG) is pushing for amendments to the Public Finance Management Act to swiftly access Sh75.7 billion in conditional allocations, intended by the County Government Additional Allocation Bill, 2026.

  • The CoG, represented by Finance Committee Chairperson Fernandes Barasa, argues that current requirements for intergovernmental agreements delay fund disbursement, hindering the budget cycle.
  • They seek to repeal Sections 191A-191E of the PFM Act, which mandates these agreements, to streamline fund flow from the National Treasury and development partners.
  • The Sh75.7 billion includes grants and loans for projects in health, infrastructure, and climate resilience, among others, for the 2026/2027 financial year.

Continue Reading

Read the complete article from The Standard

📰 Read Full Article
Advertisement
Advertisement