{"id":1477,"date":"2021-01-22T06:37:12","date_gmt":"2021-01-22T06:37:12","guid":{"rendered":"https:\/\/countysplash.co.ke\/?p=1477"},"modified":"2021-01-22T06:37:12","modified_gmt":"2021-01-22T06:37:12","slug":"counties-receive-sh24-6billion-from-treasury-after-china-gave-kenya-six-month-debt-repayment-holiday","status":"publish","type":"post","link":"https:\/\/horizonnews.co.ke\/?p=1477","title":{"rendered":"Counties receive Sh24.6billion from treasury after China gave Kenya six month debt repayment holiday"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nairobi<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Selipher\nMusungu<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The National\nTreasury has released a total of Sh24.6billion to cash strapped counties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Treasury Cabinet\nSecretary Ukur Yatani confirmed the disbursement saying the money has already\nbeen wired to the accounts of the devolved units.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"661\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t.jpg\" alt=\"\" class=\"wp-image-1478\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t.jpg 800w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t-300x248.jpg 300w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t-768x635.jpg 768w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t-696x575.jpg 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption><em><strong>Treasury CS Ukur Yatani<\/strong><\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">According to\nMr. Yatani, the disbursed funds is part of their equitable share and that the\ntotal balance of Sh 61.4 billion of various counties is still &nbsp;held at the Central Bank of Kenya (CBK). He\nurged them to utilize the funds promptly.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong> \u201cThe improvement of the economy and in particular positive revenue  performance since December 2020 made it possible to prioritize  disbursement of the funds to county governments,\u201d said Yatani.  <\/strong><\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">He added\nthat county governments should prioritize in settling pending bills to\nsuppliers to enable concerned institutions discharge their mandates effectively.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"1024\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049-723x1024.jpg?v=1611297408\" alt=\"\" class=\"wp-image-1479\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049-723x1024.jpg 723w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049-212x300.jpg 212w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049-768x1087.jpg 768w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049-696x985.jpg 696w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/IMG-20210121-WA0049.jpg 904w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe\nimprovement of the economy and in particular positive revenue performance since\nDecember 2020 made it possible to prioritize disbursement of the funds to\ncounty governments,\u201d said Yatani. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The money was made available just a day\nafter China agreed to give Kenya a debt repayment holiday for loans valued at\nSh27billion for up to six months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kenya had also received debt repayment\nholiday from 10 other countries under the Paris Club which saw Kenya save Sh32.9\nbillion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nairobi By Selipher Musungu The National Treasury has released a total of Sh24.6billion to cash strapped counties. Treasury Cabinet Secretary Ukur Yatani confirmed the disbursement saying the money has already been wired to the accounts of the devolved units. According to Mr. Yatani, the disbursed funds is part of their equitable share and that the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Counties receive Sh24.6billion from treasury after China gave Kenya six month debt repayment holiday - Horizon News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/horizonnews.co.ke\/?p=1477\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Counties receive Sh24.6billion from treasury after China gave Kenya six month debt repayment holiday - Horizon News\" \/>\n<meta property=\"og:description\" content=\"Nairobi By Selipher Musungu The National Treasury has released a total of Sh24.6billion to cash strapped counties. Treasury Cabinet Secretary Ukur Yatani confirmed the disbursement saying the money has already been wired to the accounts of the devolved units. According to Mr. Yatani, the disbursed funds is part of their equitable share and that the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/horizonnews.co.ke\/?p=1477\" \/>\n<meta property=\"og:site_name\" content=\"Horizon News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/horizonnewsglobal\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-22T06:37:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"661\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Horizon News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Horizon News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/horizonnews.co.ke\/?p=1477#article\",\"isPartOf\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=1477\"},\"author\":{\"name\":\"Horizon News\",\"@id\":\"https:\/\/horizonnews.co.ke\/#\/schema\/person\/0aaeb0e26ff89059b5ef81bcf454e3c4\"},\"headline\":\"Counties receive Sh24.6billion from treasury after China gave Kenya six month debt repayment holiday\",\"datePublished\":\"2021-01-22T06:37:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=1477\"},\"wordCount\":227,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/horizonnews.co.ke\/#organization\"},\"image\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=1477#primaryimage\"},\"thumbnailUrl\":\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2021\/01\/file7d2ewco5ujk6lr62m2t.jpg\",\"articleSection\":[\"Kenya News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/horizonnews.co.ke\/?p=1477#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/horizonnews.co.ke\/?p=1477\",\"url\":\"https:\/\/horizonnews.co.ke\/?p=1477\",\"name\":\"Counties receive Sh24.6billion from treasury after China gave Kenya six month debt repayment holiday - 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