Senate Committee on Finance and Budget Stories
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...
The revelation underscores the cash flow pressures the government faced leading up to the 2024 tax proposals that triggered countrywide protests.
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...
With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...
In addition to the insurance tax, the congestion levy is expected to target major urban areas such as Nairobi, Mombasa, Kisumu, Eldoret, and Nakuru.
According to Wa Iria, the Public Procurement Regulatory Authority will escalate cases of non-compliance to relevant enforcement agencies for appropria...
Nyakang’o said her office is scrutinising the accounts to determine when they were opened, who manages them, and their intended purpose.
Mbadi said the meetings are part of the government’s effort to reconnect with ordinary citizens and seek their views on what should or should not be i...
The bill, which amends the Public Finance Management Act, 2025, requires state agencies to open project-specific bank accounts for funds allocated to...
Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...
The amendment, introduced by Uasin Gishu Woman Representative Gladys Boss Shollei, seeks to modify Section 25(7) of the PFM Act.
The Treasury said the proposal reflects Kenya’s shift from considering a ban on virtual assets to integrating them into the formal economy under clear...
Since the outbreak of the war, when RSF soldiers looted dozens of banks and blocked farming, the army-aligned government has struggled to pay salaries...
National Treasury Principal Secretary Chris Kiptoo stated that the February deadline is non-negotiable.
The dramatic increase in wages raised total recurrent expenditure from Sh263.62 million to Sh425.87 million.
The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
According to OCCRP, Ruto received the most public nominations in the organisation's history.
In the subsequent demonstrations, Eastleigh’s business community continued to focus on recovery, hoping for stability in the months ahead.
While the Finance Bill may have served as the immediate trigger, the protests were, in reality, a response to a much deeper frustration with Kenya’s g...
From a historic state visit to the United States to the controversial withdrawal of the Finance Bill, 2024, President Ruto's leadership was put to the...
