Controller of Budget Stories
As of September 30, 2024, pension payments for ordinary and commuted pensions had reached Sh58.57 billion, but only Sh24.23 billion was covered by exc...
A recent report by the Architectural Association of Kenya suggests that only 1,189 houses have been finished by the current administration.
Nyakango advised county governments to adopt austerity measures to ensure that expenditures align with available resources.
The CoG’s report highlighted that these expenditures reflected a disregard for the austerity measures announced by President William Ruto.
State agencies in the Ministry of Roads and Transport are the largest contributors to the pending bills crisis, with debts totalling Sh173.7 billion.
Development expenditure during the first quarter of the financial year amounted to Sh106.39 billion, translating to an absorption rate of 17 per cent,...
Other key defaulters include the National Police Service (NPS), the State Department of Transport, and the Medical Services sector, which collectively...
The expenditure, which covers the period from July to September 2024, highlights the significant costs associated with the government's foreign engage...
The current public debt currently stands at 67 per cent of GDP, amounting to Sh10.79 trillion as of September 30, 2024, a sharp increase from Sh10.58...
The CoB's report reveals that unremitted PAYE alone rose by Sh3.85 billion, bringing the total outstanding amount to Sh22.89 billion.
The request follows the latest report by the CoB, which highlights the alarming scale of unpaid bills within county governments.
Despite the clear directives, a new report indicates that counties are still in breach of these requirements.
Kindiki proposed a solution to bridge the gap between the differing perspectives of the Council of Governors and the Controller of Budget.
Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.
The diversion of funds has left many retirees, some of whom have passed away, without the financial support they worked hard to secure during their em...
The law mandates counties to allocate at least 30 per cent of their budgets to development expenditures.
The rising debts have placed immense pressure on the private sector, with businesses struggling to cope with unserviced bills.
Ngumbi criticised the governors for dismissing the audit findings, urging them to focus on implementing reforms to address the gaps identified by the...
This marks a sharp rise of over 400 accounts compared to the 2,000 reported in the previous financial year.
