Divisionof Revenue Act No 16of 2017 - as Plain Text by MWakili

0 CiLf(1)''' 0 SPECIAL ISSUE Kenya Gazette Supplement No.

96 (Acts No.

16) REPUBLIC OF KENYA KENYA GAZETTE SUPPLEMENT ACTS, 2017 NAIROBI, 23rd June, 2017 CONTENT Act PAGE The Division of Revenue Act, 2017 333 LAW REPORTING' E1.

0 JUL 2017 ":3-00100 KENYA IF! FAX 2712694 PRINTED AND PUBLISHED BY THE GOVERNMENT PRINTER, NAIROBI 333 THE DIVISION OF REVENUE ACT No.

16 of 2017 Date of Assent: 21st June, 2017 Date of Commencement: 7th July, 2017 ARRANGEMENT OF SECTIONS Section 1Short title.

2Interpretation.

3Object and purpose of the Act.

4Allocations to national and county governments.

5Variation in revenue.

SCHEDULE EQUITABLE SHARE OF REVENUE RAISED NATIONALLY BETWEEN THE NATIONAL AND COUNTY GOVERNMENTS FOR THE FINANCIAL YEAR 2017/18.

334 No.

16 Division of Revenue 2017 THE DIVISION OF REVENUE ACT, 2017 AN ACT of Parliament to provide for the equitable division of revenue raised nationally between the national and county governments in 2017/18 financial year, and for connected purposes ENACTED by Parliament of Kenya, as follows- 1.

This Act may be cited as the Division of Revenue Short title.

Act, 2017.

2.

In this Act, unless the context otherwise requires Interpretation.

"Cabinet Secretary" means the Cabinet Secretary for the time being responsible for matters relating to finance; "revenue" has the meaning assigned to it under section No.

16 of 2011.

2 of the Commission on Revenue Allocation Act, 2011; 3.

The object and purpose of this Act is to provide for Object and purpose the equitable division of revenue raised nationally between of the Act.

the national and county levels of government for the financial year 2017/18 in accordance with Article 203 (2) of the Constitution.

4.

Revenue raised by the national government in Allocations to national and county respect of the financial year 2017/18 shall be divided governments.

among the national and county governments as set out in the Schedule to this Act.

5.

(1) If the actual revenue raised nationally in the Variation in financial year falls short of the expected revenue set out in revenue.

the Schedule, the shortfall shall be borne by the national government, to the extent of the threshold prescribed in Regulations by the Cabinet Secretary.

(2) If the actual revenue raised nationally in the financial year exceeds the projected revenues set out in the Schedule, the excess revenue shall accrue to the national government, and may be used to reduce borrowing or pay debts.

335 2017 Division of Revenue No.

16 SCHEDULE (s.4) ALLOCATION OF REVENUE RAISED NATIONALLY BETWEEN THE NATIONAL AND COUNTY GOVERNMENTS FOR THE FINANCIAL YEAR 2017/18 Percentage (%) of Type/Level of allocation Amount in KSh.

2013/14 audited and approved Revenue i.e.

KSh.

935,653 Million A.

Total Shareable Revenue 1,560,275,840,000 (B+C+D) B.

National Government * 1,238,343,840,000 C.

Equalization Fund 7,727,000,000 D.

County Government (1+2) 314,205,000,000 33.58% 1.County Equitable Share 302,000,000,000 32.28% 2.

Conditional Allocations 12,205,000,000 2.1 Leasing of Medical Equipment 4,500,000,000 2.2 Compensation for User Forgone 900,000,000 2.3 Level 5 hospitals 4,200,000,000 2.4 Construction of County Headquarters 605,000,000 2.5 Rehabilitation of Youth Polytechnics 2,000,000,000 E.

Additional County Conditional Allocations (not part of sharable revenue) 31,476,018,499 3.

Allocation from fuel levy (15%) 11,068,192,369 4.

Conditional Allocations (loans & grants) 20,407,826,130 F.

Total County Allocations (D+E) 345,681,018,499 36.95% Source: National Treasury/ House Resolution on Budget & Appropriation Committee Report of the Budget Policy Statement 2017 *The National Government Share includes KSh.

3,400 million which is a special grant to the National Health Insurance Fund (NHIF) for free maternal health care, to be disbursed as re-imbursements.

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