Governors put to task over their budgets
13 August 2013, 09:14
Nairobi - The Commission on Revenue Allocation (CRA) has revealed that Nakuru, Meru, Laikipia and Makueni are among 25 counties which are facing serious financial crises because of huge deficits running into billions of shillings, which they will have to plug to fund their operations between now and June 2014.
The figures released by the CRA show that Nakuru and Meru counties have a deficit of KES 1.9 billion each while Laikipia has a KES 1.3 billion deficit, which means they will have to find other sources of revenue to bridge the gaps in their budgets for this financial year, Daily Nation reports.
Meanwhile the budgets for Nairobi, Embu, Kirinyaga, Murang’a, Nyeri, Kiambu, Narok and Kajiado have been categorised as balanced, thus they have enough money to fund their expenditure but have no surplus.
- For more visit Daily Nation
Join in the conversation on our Facebook page. Also get the latest news by following us on Twitter.