The Transitional National Legislative Assembly (TNLA) on Monday unanimously passed the Fiscal and Financial Allocation and Monitoring Commission Bill, 2024.
The Bill, which was tabled by the deputy chairperson of the Committee for Finance and Economic Planning, Suzan Parambeta, is to provide for the establishment of an independent commission to ensure transparency in the allocation of national funds to the states and the counties.
Parambeta reiterated that the Bill conforms with Article 4.11 of the 2018 Peace Agreement, on wealth sharing and revenue allocation; noting that it can also be used for the establishment of the independent commission.
Parambeta said the committee scrutinized the report by first conducting a benchmarking with the Kenyan fiscal and financial allocation commission.
She stated that the lessons learned during the benchmarking were incorporated into the Bill “the Committee conducted in Juba a one-day public hearing and attended by the chairperson of the Commission with his technical team. The necessary inputs generated from the benchmarking visit to report to Kenya and public hearing concerns are incorporated to enrich this bill. Right, Honorable Speaker, Honorable Members, allow me now to table the fiscal and financial allocation and monitoring commission bill 2024”
Among other provisions, the Bill requires the government to allocate 15% of the revenue collected to the states and counties. However, this should be discussed by the parliament.