National Treasury Stories

Kenya's international membership dues hit Sh7.75 billion in 2024, new report shows
Maureen Kinyanjui  |  Jan 04, 2025

All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.

Auditor-General urges state to conduct loan scrutiny to avoid costly penalties on taxpayers
Lucy Mumbi  |  Jan 03, 2025

Gathungu highlighted concerns over the improper utilisation of billions in loans and recommended measures to prevent avoidable financial burdens.

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...

No more loans for defaulting parastatals, Treasury declares
Lucy Mumbi  |  Jan 01, 2025

Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...

Treasury report: China tops list of Kenya’s debt payments to external creditors
Lucy Mumbi  |  Dec 30, 2024

China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.

National Treasury asks Kenyans to give input on 2025/26 budget proposals
Charles Adinda  |  Dec 17, 2024

The invitation is in line with Articles 201, 221, and 232 of the Constitution, which require public participation in financial matters.

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.

Sh45 billion funding shortfall cripples development projects in counties
Maureen Kinyanjui  |  Dec 13, 2024

The law mandates counties to allocate at least 30 per cent of their budgets to development expenditures.

Treasury targets Sh2.5 trillion in pension, insurance savings for infrastructure projects
Maureen Kinyanjui  |  Dec 12, 2024

This initiative follows the collapse of high-profile PPP deals involving Indian billionaire Gautam Adani in Kenya's road and energy sectors, amid alle...

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.

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...

MPs urge shift to Kenyan Shillings in power agreements to lower electricity costs
Lucy Mumbi  |  Dec 03, 2024

The committee’s recommendation comes as a response to concerns over the long-term cost burden imposed on the government and consumers by agreements in...

National Treasury faces scrutiny over Sh161 billion debt repayment anomalies
Lucy Mumbi  |  Nov 28, 2024

Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.

Government plans to reduce PAYE to ease tax burden - CS Mbadi
Maureen Kinyanjui  |  Nov 22, 2024

The CS also emphasised the importance of ensuring that Kenyans have more disposable income after taxes.

Treasury on the spot for delaying e-procurement system, Ruto orders rollout by 2025
Maureen Kinyanjui  |  Nov 21, 2024

He pointed out that this system would be a crucial tool in the fight against corruption, a battle he vowed to take on with full resolve.

National Treasury under fire over Sh2.3 billion tax exemption scandal
Maureen Kinyanjui  |  Nov 14, 2024

The committee's report highlighted the flawed process of granting these tax exemptions.

Treasury to cover costs of state-owned firms’ Sh266 billion loan defaults
Maureen Kinyanjui  |  Nov 14, 2024

The mounting defaults are raising concerns about the sustainability of Kenya's public debt, which now stands at Sh10.6 trillion.

Governor Abdulswamad urges Treasury to release funds, dismisses claims of returned cash
Farhiya Hussein  |  Nov 08, 2024

Governor Abdulswamad clarified that no funds have been voluntarily returned, instead, they cited the delay in disbursements from the exchequer as a ke...

New tax amendments to raise cost of calls, internet, and betting
Maureen Kinyanjui  |  Nov 02, 2024

The proposed tax changes would likely lead to increased charges for these services, impacting millions of users.

Critical services at risk as Treasury fails to fund key departments
Maureen Kinyanjui  |  Oct 29, 2024

As a result, delays in obtaining essential documents are likely to worsen, compounding issues already experienced in recent months.