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September 8, 2026
2h ago

Ruto Signs New Finance Law Changing How Counties Get Funds

Ruto Signs New Finance Law Changing How Counties Get Funds

The new law is among four Bills President William Ruto assented to on Tuesday at State House, Nairobi...

✨ Key Highlights

President William Ruto has signed the Public Finance Management (Amendment) Bill, 2025 into law, introducing significant changes to how public funds are managed, reported, and overseen at both national and county levels.

  • The new law establishes a framework for transferring functions, assets, and liabilities between the national and county governments.
  • Key changes include the introduction of accrual accounting and a requirement for county governments to pass their Finance Bills before the start of a new financial year.
  • Financial reporting timelines have been tightened, with accounting officers now needing to submit statements to the Auditor-General within two months, down from three.

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