Controller of Budget Margaret Nyakang'o Stories

State agencies miss development spending targets by Sh50 billion
Maureen Kinyanjui  |  Jan 10, 2025

The low spending is mainly due to delays in the disbursement of funds by the Treasury, coupled with the effects of budget rationalisation under the Su...

Sh48.5 billion lying idle in county funds CBK account despite cash crunch in devolved governments
Maureen Kinyanjui  |  Jan 10, 2025

In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.

Health ministry flagged for low development budget absorption despite high funding
Lucy Mumbi  |  Jan 08, 2025

CoB Margaret Nyakang’o commented on the low development budget absorption, stating, that this indicates that some planned activities were not implemen...

Pensioners miss out on Sh34 billion payments due to Treasury delays, system downtime
Lucy Mumbi  |  Jan 03, 2025

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...

Funding delays slowing down affordable housing project despite Kenyans’ contributions  - CoB
Lucy Mumbi  |  Jan 01, 2025

A recent report by the Architectural Association of Kenya suggests that only 1,189 houses have been finished by the current administration.

Controller of Budget report shows counties failed to meet set revenue targets
Lucy Mumbi  |  Dec 30, 2024

Nyakango advised county governments to adopt austerity measures to ensure that expenditures align with available resources.

Ministry of Defence records highest spending of Sh40 billion in three months
Lucy Mumbi  |  Dec 29, 2024

The CoG’s report highlighted that these expenditures reflected a disregard for the austerity measures announced by President William Ruto.

State faces stalled projects, revenue shortfall after Finance Bill withdrawal
Maureen Kinyanjui  |  Dec 26, 2024

Development expenditure during the first quarter of the financial year amounted to Sh106.39 billion, translating to an absorption rate of 17 per cent,...

Controller of Budget sounds alarm as Kenya's debt hits 67% of GDP
Maureen Kinyanjui  |  Dec 25, 2024

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...

Government spent Sh181 million for Haiti mission -Report
Maureen Kinyanjui  |  Dec 24, 2024

The allocation contradicts prior government claims that no taxpayer funds were being used to finance the mission in Haiti.

Unpaid PAYE, pension deductions for civil servants hit Sh6.36bn in three months
Maureen Kinyanjui  |  Dec 24, 2024

The CoB's report reveals that unremitted PAYE alone rose by Sh3.85 billion, bringing the total outstanding amount to Sh22.89 billion.

Senators push for stronger budget oversight to tackle counties' debt crisis
Maureen Kinyanjui  |  Dec 19, 2024

The request follows the latest report by the CoB, which highlights the alarming scale of unpaid bills within county governments.

Counties' use of manual payrolls creates loopholes for ghost workers – Nyakang'o
Maureen Kinyanjui  |  Dec 14, 2024

Despite the clear directives, a new report indicates that counties are still in breach of these requirements.

Counties turn to expensive loans to cover essential expenses amid Treasury delays
Maureen Kinyanjui  |  Dec 13, 2024

Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.

Isiolo, Mandera among 30 counties saving millions of shillings by curbing costly foreign trips
Maureen Kinyanjui  |  Dec 12, 2024

This marks the second consecutive year that some counties, including Trans Nzoia, Isiolo and Uasin Gishu, have avoided foreign travel altogether.

Garissa, Turkana's unpaid bills to contractors hit Sh9.7 billion in three months
Lucy Mumbi  |  Dec 09, 2024

The rising debts have placed immense pressure on the private sector, with businesses struggling to cope with unserviced bills.

EACC defends Controller of Budget after governors’ attack over expenditure report
Lucy Mumbi  |  Dec 08, 2024

Ngumbi criticised the governors for dismissing the audit findings, urging them to focus on implementing reforms to address the gaps identified by the...

Counties operating 2,421 commercial bank accounts illegally - Controller of Budget
Maureen Kinyanjui  |  Dec 07, 2024

This marks a sharp rise of over 400 accounts compared to the 2,000 reported in the previous financial year.

Tana River, Garissa among top performers in own source revenue collections - CoB
Lucy Mumbi  |  Dec 05, 2024

Leading the list is Tana River, which achieved 81 per cent of its annual OSR target, followed by Narok at 60 per cent, Samburu at 36 per cent, Garissa...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.