Debt financing Stories

Among the worst-hit state departments is the National Youth Service under the State Department of Public Service, which owes Sh14.27 billion.

Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.

Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.

The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...

Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...

Some requisitions submitted for her approval lack specifics and are presented in lump sums, making it impossible to establish a clear breakdown of the...

Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.

In the draft "Nairobi IDA Communique" to be deliberated upon, African leaders will outline urgent priorities for IDA's upcoming three-year funding cyc...

In a new report, the Institute of Public Finance (IPF) says that despite cutting budgets to control government spending, high public debt service cost...

Kenya took the top position on the continent but the $800 million - 28 per cent of the total raised by the continent - was a 25 per cent drop from wha...