Why Counties Delay Service Delivery When Exchequer Is Late There’s a common misconception that once a county budget is approved, money is immediately available for spending. In reality, a budget is authorization, exchequer is the actual cash. Without exchequer releases, county governments cannot legally spend, regardless of how well projects are planned. Most counties rely on national transfers for 60–90% of their funding. When releases delay, the effects ripple across the system: \t•\tSuppliers
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