Parliamentary Budget Office Stories

Kenya's investment rate drops to lowest level in 14 years amid economic woes
Maureen Kinyanjui  |  Feb 22, 2025

Experts note that the investment slowdown over the past decade has been driven by reduced demand for transport equipment, machinery, and ICT equipment...

National Treasury officials fail to explain Sh73 billion budget gap
Eastleigh Voice Reporter  |  Feb 21, 2025

One document puts the total budget at Sh4.263 trillion, while another states it as Sh4.336 trillion, creating a Sh73 billion gap that officials failed...

MPs extend time for scrutiny of 2025/26 budget policy statement by14 days
Lucy Mumbi  |  Feb 20, 2025

The extension, 14 days for the BPS and 10 days for the Debt Management Strategy, was necessitated by the lapse in the committee’s term, which delayed...

Teachers, lecturers, police among public servants to benefit from Sh88bn budget boost
Maureen Kinyanjui  |  Feb 20, 2025

The Teachers Service Commission has been allocated Sh17 billion, making it the largest recipient of the additional funds.

Sh48.5 billion county funds remain unused at CBK as devolved units struggle with finances
Charles Adinda  |  Feb 20, 2025

Counties with the highest amounts of unspent funds include Kisii, which has Sh3.46 billion sitting idle in the CRF account, while its development fund...

Government breaches law by using Sh467.6 billion from borrowed loans for salaries
Maureen Kinyanjui  |  Feb 19, 2025

The revelation underscores the cash flow pressures the government faced leading up to the 2024 tax proposals that triggered countrywide protests.

Security, education, healthcare gain as Treasury expands budget by Sh86 billion
Maureen Kinyanjui  |  Feb 19, 2025

Education has received the highest increase, with an extra Sh48.58 billion allocated across higher education, basic education, and vocational training...

Top state offices allocated Sh5 billion more for salaries, entertainment amid budget cuts
Maureen Kinyanjui  |  Feb 19, 2025

The supplementary budget, tabled in the National Assembly, increases Kenya's total budget for the financial year ending June to Sh3.56 trillion from S...

Treasury flags county governments for misallocating budgets, neglecting development projects
Lucy Mumbi  |  Feb 17, 2025

Treasury data shows that Nairobi, Kisii, and Mombasa were among the worst performers, spending significantly less on development projects.

Nairobi County's revenue figures questioned amid audit row
Lucy Mumbi  |  Feb 16, 2025

The external auditors told MPs that they are unable to verify whether the revenue declared by the county government is accurate.

Treasury mulls using existing tax rates for 2025-2026 budget after deadly protests in 2024
Maureen Kinyanjui  |  Feb 15, 2025

With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...

Budget experts call scrapping of KCSE exam fees waiver as KNEC faces budget shortfalls
Maureen Kinyanjui  |  Feb 15, 2025

With rising enrolment numbers, the government has been struggling to meet the full costs on time, leading to deficits in the national exams body.

Kenya to issue first Sh65bn sustainability-linked bond by June to address annual budget deficit
Maureen Kinyanjui  |  Feb 14, 2025

If Kenya meets its sustainability targets, the cost of repaying the bond remains lower, while failure to do so could result in higher coupon payments.

MPs warn of Sh200 billion revenue shortfall as 2025-26 budget hits Sh4.4 trillion
Maureen Kinyanjui  |  Feb 14, 2025

The widening gap between revenue and spending means the fiscal deficit is expected to rise to 5.7 per cent of GDP in 2025-26.

Kenyans to pay tolls on major roads as government seeks to raise more infrastructure funding
Maureen Kinyanjui  |  Feb 12, 2025

The Draft Tolling Policy suggests that roads with additional lanes, enhanced safety features, or facilities improving motorists' experience could also...

Cabinet approves Sh4.2 trillion budget for 2025/26 amid fiscal adjustments
Lucy Mumbi  |  Feb 11, 2025

The approval comes amid economic disruptions caused by civil protests in mid-2024, which led to the withdrawal of the Finance Bill 2024. The Bill had...

Fresh row looms among MPs as senators demand involvement in budget-making
Lucy Mumbi  |  Feb 08, 2025

Narok Senator Ledama Ole Kina supported the proposal, saying the Senate is committed to strengthening devolution by ensuring counties receive adequate...

Controller of Budget launches investigations into suspect bank accounts in counties
Lucy Mumbi  |  Feb 08, 2025

Nyakang’o said her office is scrutinising the accounts to determine when they were opened, who manages them, and their intended purpose.

Treasury cuts tax revenue target by Sh93 billion amid economic slowdown
Maureen Kinyanjui  |  Feb 05, 2025

Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...

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