National Treasury Stories
The shift comes as authorities try to complete the long-delayed modernisation initiative designed to bring order and reliability to Kenya’s transport...
The 12th National and County Governments Coordinating Summit has given IGRTC 14 days to finalise county bursary agreements and ordered faster CAIP fun...
Mbadi said shifting commercially viable projects to specialised entities is now necessary to reduce pressure on public finances.
The report urges the government to strengthen governance frameworks, ensure transparency, and tie public funding to measurable outcomes.
Treasury CS John Mbadi has defended the sharp rise in State House spending, after figures showed over 80 per cent of its Sh7.68 billion annual budget...
Kiharu MP Ndindi Nyoro has challenged the government’s plan to sell a 15% Safaricom stake to Vodacom, alleging undervaluation and lack of open bidding...
Kenya is phasing out funding for merged and dissolved state corporations by mid-2026, limiting budgets mainly to salaries as it restructures agencies...
The committee, in its report, called for an increase in the OAG’s annual budget to internationally recognised standards and to the constitutional mini...
A report by the Auditor General reveals that the money raised between 2018 and 2023 largely went to cover routine exchequer releases and debt maturiti...
In the domestic market, Treasury bonds raised Sh310.6 billion, with Treasury bills adding another Sh45 billion in new debt.
The Finance and National Planning Committee flagged the issue after Treasury documents suggested that the property, historically linked to the college...
The Treasury drew only Sh700 million from the CBK overdraft in the first three months, down from Sh1.9 billion during the same period last year.
Kenya’s budget faces mounting pressure as tax collections fall by Sh90 billion, driving a wider fiscal deficit and forcing the government to tighten s...
The proposed regulations will empower the Central Bank of Kenya (CBK) to levy heavier penalties on banks that fail to follow the Banking Act and other...
Legislators expressed concern over repeated lapses in leadership and gaps in accountability, stressing the need to protect citizens’ money.
The call follows the committee’s backing of a Delegated Legislation Committee report that recommended annulling a Public Procurement Regulatory Author...
Kitui Rural MP David Mwalika questioned whether skipping committee meetings reflects the “kind of expertise that led to his poaching from ODM”.
Under the plan, Sh2.16 billion will be paid out in the 2025-26 financial year. This will be followed by two equal instalments of Sh2.80 billion in 202...
CS Mutua disclosed that after discussions between the Ministry of Agriculture, the Kenya Sugar Board, and the National Treasury, an MoU was signed on...
The Treasury notes that the proposed increase in spending underscores the government’s continued focus on economic recovery, infrastructure developmen...
According to records from the Office of the Controller of Budget, counties missed their own-source revenue target of Sh87.67 billion by 23 per cent in...
The Institute of Certified Public Accountants of Kenya (ICPAK) says the problem has persisted for years despite repeated warnings from the Auditor-Gen...
The PBO attributes these missed targets to deep-seated inefficiencies, citing poor implementation of tax policies, weak enforcement mechanisms, and wi...
Only eight counties complied with the legal limit: Kilifi (24 per cent), Siaya (26 per cent), Tana River (27 per cent), Nakuru (30 per cent), Kwale (3...
The National Treasury, together with oversight institutions, will be required to conduct regular capacity-building sessions on handling project accoun...
John Mbadi explained that the Central Bank of Kenya (CBK) and the Treasury are jointly driving reforms to ensure that residents of northern Kenya, par...
The resistance follows last month’s High Court suspension of circulars issued by the Treasury and the Public Procurement Regulatory Authority (PPRA),...
The proposed committee will institutionalise a coordinated national approach to credit ratings, fostering structured, proactive engagement with credit...
According to Treasury CS John Mbadi, the government released the agreed Sh4.3 billion to universities and a further Sh2.7 billion this year.
