National Treasury Stories

Treasury mulls using existing tax rates for 2025-2026 budget after deadly protests in 2024
Maureen Kinyanjui  |  Feb 15, 2025

With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...

Kenya to issue first Sh65bn sustainability-linked bond by June to address annual budget deficit
Maureen Kinyanjui  |  Feb 14, 2025

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.

MPs warn of Sh200 billion revenue shortfall as 2025-26 budget hits Sh4.4 trillion
Maureen Kinyanjui  |  Feb 14, 2025

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.

Cabinet approves Sh4.2 trillion budget for 2025/26 amid fiscal adjustments
Lucy Mumbi  |  Feb 11, 2025

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...

National Treasury begins Sh3.1 billion transition to new financial reporting system
Lucy Mumbi  |  Feb 10, 2025

The move, which involves valuing all government assets, aims to enhance financial transparency, consolidate state liabilities, and improve the managem...

Treasury scrambles to clear pension backlog as payouts soar to Sh82.84 billion
Lucy Mumbi  |  Feb 08, 2025

Despite the increase in payouts, the pension budget still falls short of its target by Sh28.74 billion, or 25.75 per cent.

Treasury revises PPP framework after public outcry over controversial Adani deals
Maureen Kinyanjui  |  Feb 06, 2025

The review follows warnings from international partners about weaknesses in Kenya's PPP approach.

Treasury cuts tax revenue target by Sh93 billion amid economic slowdown
Maureen Kinyanjui  |  Feb 05, 2025

Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...

Ex-CS Rotich seeks Sh3bn compensation for ‘malicious prosecution’ over Kimwarer, Arror
Lucy Mumbi  |  Feb 02, 2025

Rotich, now engaged in farming and private business, claims the government’s decision to charge him ruined his career prospects.

Treasury extends mandate of taskforce scrutinising pending bills by six months
Lucy Mumbi  |  Feb 02, 2025

The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...

Senators want Treasury to use part of shareable revenue to pay county debts
Maureen Kinyanjui  |  Jan 30, 2025

The committee recommended immediate payment of all valid pending bills after the auditor general had reviewed them.

Kiptoo: Pensioners not on new portal by February deadline to be suspended from payroll
Lucy Mumbi  |  Jan 26, 2025

PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.

Treasury forms expert team to mobilise local capital for development, reduce reliance on loans
Maureen Kinyanjui  |  Jan 23, 2025

The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.

Treasury boosts Immigration Department’s budget to tackle delays in issuance of crucial documents
Lucy Mumbi  |  Jan 20, 2025

The Treasury clarified that the new funding model is a one-off arrangement meant to meet specific needs.

State to introduce standardised rules for leasing public assets to boost revenue
Lucy Mumbi  |  Jan 20, 2025

Kenya first adopted leasing as an alternative to outright asset acquisition, starting with vehicles to address resource gaps

Counties to join Treasury’s single account system as state streamlines management of public funds
Maureen Kinyanjui  |  Jan 16, 2025

Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...

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.

Hustler Fund disbursements fall sharply as govt struggles with loan recoveries
Lucy Mumbi  |  Jan 05, 2025

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.

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.

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...

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