National Treasury Stories
The Employment Act, 2007 bars employers from deducting more than two-thirds of an employee’s basic salary.
The Exchequer therefore noted that suppliers, contractors, and consultants should self-register on the e-GP portal.
CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...
Mbadi said the claim that the National Treasury was diverting funds was completely out of tune with the normal budgetary process.
The current Parliament has conducted hearings in 34 counties over the past two financial years, with 18 counties included in one year and 16 in anothe...
Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.
KRA’s liabilities related to employee salaries, contracted services, and operational costs reached Sh4.06 billion by the end of June 2024.
Between July and December 2024, counties spent Sh103.2 billion out of Sh184.8 billion to pay workers.
The revelation has sparked fresh debate on the government’s budgetary practices, with MPs calling for stricter measures to prevent the misuse of publi...
Legislators questioned the Treasury’s commitment to reducing public debt and adhering to its own policies.
The Commission on Revenue Allocation has called for transparency on why the debt, incurred before 1997, remains unsettled.
Council of Governors Finance Committee Chairman Fernandes Barasa stressed that counties require Sh547 billion to meet their obligations.
The Ouko-led committee is also mandated to establish clear criteria for verifying pending bills and identifying fraudulent claims, corruption, or fals...
Mudavadi urged the IMF team to engage various stakeholders, including officials from the national and county governments.
A report by Auditor-General Nancy Gathungu reveals that the National Treasury initiated the project in 2009 to create a critical backup for financial...
The Auditor-General also questioned why the idle funds were not invested in interest-earning accounts, estimating a missed opportunity to earn Sh21 mi...
These cuts will impact ongoing affordable housing construction, slum upgrades and the establishment of social halls for public participation.
Data from the Central Bank of Kenya (CBK) shows that domestic debt increased from Sh4.342 trillion as of September 16, 2022, to Sh6.021 trillion by Fe...
The extra allocation towards Kenya’s security mission in Haiti is expected to bolster the morale of officers deployed in the conflict-ridden nation.
