National Treasury Stories
With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...
If Kenya meets its sustainability targets, the cost of repaying the bond remains lower, while failure to do so could result in higher coupon payments.
The widening gap between revenue and spending means the fiscal deficit is expected to rise to 5.7 per cent of GDP in 2025-26.
The approval comes amid economic disruptions caused by civil protests in mid-2024, which led to the withdrawal of the Finance Bill 2024. The Bill had...
The move, which involves valuing all government assets, aims to enhance financial transparency, consolidate state liabilities, and improve the managem...
Despite the increase in payouts, the pension budget still falls short of its target by Sh28.74 billion, or 25.75 per cent.
The review follows warnings from international partners about weaknesses in Kenya's PPP approach.
Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...
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...
