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𝗧𝗥𝗘𝗔𝗦𝗨𝗥𝗬 𝗖𝗦 MEETS HOUSE TEAM, 𝗣𝗥𝗢𝗣𝗢𝗦𝗘𝗦 𝗡𝗘𝗪 𝗗𝗘𝗕𝗧 𝗖𝗘𝗜𝗟𝗜𝗡𝗚 𝗙𝗥𝗔𝗠𝗘𝗪𝗢𝗥𝗞

The Cabinet Secretary (CS) for National Treasury and Economic Planning, Prof. Njuguna Ndung’u has proposed the amendment of the Public Finance Management (PFM) Act 2012 and the attendant regulations to replace the current numerical debt ceiling of Ksh 10 trillion with a debt ratio of 55 percent present value of the Gross Domestic Product (GDP).

KECOBO AND PRISK OFFICIALS QUESTIONED OVER LOST ROYALTIES.

The Departmental Committee on Sports and Culture Chaired by Hon. Daniel Wanyama grilled the Kenya Copyright Board (KECOBO) Chief Executive Officer (CEO) Mr. Edward  Sigei and Performers Rights Society of Kenya (PRISK) CEO Dr. Joseph Njagih over claims that the two were responsible for the withdrawal of a case in court that saw the parties awarded Kshs 67 million for artist royalties lose the money.

It is also alleged that the two CEOs had entered into an agreement with Royal Media Services (RMS)  without the knowledge of the boards of Directors of both organisations.

TRANSPORT COMMITTEE REJECTS NTSA AMENDMENT BILL

The National Assembly Departmental Committee on Transport and Infrastructure chaired by Hon. George Kariuki has rejected an amendment that sought to assign additional roles to the National Transport and Safety Authority (NTSA).  

 

The Bill that was before the House for First Reading on 15th February, 2023, was subsequently Committed to the Departmental Committee on Transport and Infrastructure for Consideration and reporting to the House.

 

THE DIVISION OF REVENUE BILL 2023, (NATIONAL ASSEMBLY BILL NO. 9 OF 2023) ASSENTED TO LAW

The Speaker of the National Assembly, the Rt. Hon. (Dr.) Moses Wetang’ula today presented to President William Ruto, the Division of Revenue Bill 2023, (National Assembly Bill No. 9 of 2023) for assentment into law at State House, Nairobi.

Following the assenting of the Division of Revenue Bill 2023, (National Assembly Bill No. 9 of 2023)  into law by H.E President William Ruto,  the County Equitable Share has now increased by Sh15.4 Billion leading to Counties to receive Sh385.4 Billion in the 2023/2024 Financial Year as compared to the currents’ Sh370 Billion.

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