National Treasury and Planning Stories
Rotich, now engaged in farming and private business, claims the government’s decision to charge him ruined his career prospects.
The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...
The committee recommended immediate payment of all valid pending bills after the auditor general had reviewed them.
PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.
The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.
The Treasury clarified that the new funding model is a one-off arrangement meant to meet specific needs.
Kenya first adopted leasing as an alternative to outright asset acquisition, starting with vehicles to address resource gaps
Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...
In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.
Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.
All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.
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...
Gathungu highlighted concerns over the improper utilisation of billions in loans and recommended measures to prevent avoidable financial burdens.
Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...
China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.
The invitation is in line with Articles 201, 221, and 232 of the Constitution, which require public participation in financial matters.
Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.
The law mandates counties to allocate at least 30 per cent of their budgets to development expenditures.
This initiative follows the collapse of high-profile PPP deals involving Indian billionaire Gautam Adani in Kenya's road and energy sectors, amid alle...
The rising debts have placed immense pressure on the private sector, with businesses struggling to cope with unserviced bills.
