National Treasury Stories

Treasury given 60-day ultimatum to deliver debt management framework
Maureen Kinyanjui  |  Jun 26, 2025

The legislators endorsed a report that lowers the Consolidated Fund Services (CFS) budget by Sh295.28 billion and gave the Treasury 60 days to publish...

Financial autonomy: Mombasa Governor Abdulswamad Nassir urges Ruto to empower counties
Farhiya Hussein  |  Jun 23, 2025

At present, most county assemblies do not receive funds directly from the National Treasury. Instead, they depend on governors and county finance depa...

Ruto government allocates Sh680 million for State House renovation despite budget cuts, public outrage
Lucy Mumbi  |  Jun 23, 2025

The National Treasury has included the funds in a broader Sh894.9 million renovation plan covering the President’s official residence and several stat...

Controller of Budget hit by Sh70 million slash despite calls for increased funding
Lucy Mumbi  |  Jun 22, 2025

The National Treasury has now revised the allocation down to Sh632.3 million from Sh702.3 million, just days before the end of the financial year.

Revenue shortfall sparks National Treasury’s Sh18 billion supplementary budget push
Maureen Kinyanjui  |  Jun 20, 2025

Treasury Cabinet Secretary John Mbadi says the government collected Sh2.2 trillion against a target of Sh2.5 trillion, resulting in a revenue gap of S...

MPs say no to cheap steel imports, back local industries
Maureen Kinyanjui  |  Jun 19, 2025

The Finance and National Planning Committee told Parliament that retaining the 17.5 per cent levy was crucial in shielding local firms that produce si...

MPs, senators strike deal, agree on Sh415 billion revenue allocation to counties
Lucy Mumbi  |  Jun 18, 2025

During a sitting on Monday, June 16, Mandera Senator Ali Roba had proposed a compromise figure of Sh435 billion, highlighting the importance of matchi...

How Gen-Z protests forced National Treasury to cut Sh52 billion from budget
Maureen Kinyanjui  |  Jun 18, 2025

The 6.91 per cent decline marks the first such drop in this window since the Covid-19 era, four years ago.

State House, NIS among beneficiaries of Sh9.3 billion emergency funds
Maureen Kinyanjui  |  Jun 18, 2025

This allocation is part of a wider emergency package totalling Sh50.9 billion that was approved by the Treasury for various ministries and State depar...

House team raises alarm over pension delays as arrears pile up to Sh86 billion
Maureen Kinyanjui  |  Jun 17, 2025

Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...

National Treasury reverts to old law after court nullifies 2023 Privatisation Act
Maureen Kinyanjui  |  Jun 17, 2025

National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.

Government cuts top officials’ salary budget by Sh600 million after audit flags overestimation
Lucy Mumbi  |  Jun 16, 2025

Between July 2024 and March 2025, the government spent Sh2.97 billion on salaries to state officers, a rise from Sh2.49 billion spent in a similar per...

Sh20 million blow: Kenya’s anti-doping war crippled after drastic budget cut
Maureen Kinyanjui  |  Jun 13, 2025

Athletics Integrity United has revealed that over 100 Kenyan athletes are currently serving doping bans, a worrying trend for a country celebrated for...

Kisumu leads in commercial bank loans as counties borrow Sh8.6 billion in nine months
Maureen Kinyanjui  |  Jun 13, 2025

Data by the Central Bank of Kenya shows that Kisumu borrowed Sh1.68 billion from Kenya Commercial Bank (KCB) to support operations and pay salaries.

Sh12.7bn allocated to digital superhighway as Treasury trims ICT budget in 2025/26
Margaret Wanjiru  |  Jun 12, 2025

The digital superhighway, a flagship pillar under the Bottom-Up Economic Transformation Agenda, aims to foster inclusive economic growth by expanding...

Stalled BRT project gets another Sh300m in 2025/26 budget despite years of delays, minimal progress
Maureen Kinyanjui  |  Jun 12, 2025

The project entails establishing 10 BRT stations, deploying 100 buses, and constructing dedicated bus lanes with short 90-second headways, designed to...

Treasury allocates Sh23bn to bolster governance and anti-graft efforts in 2025/26 budget
Maureen Kinyanjui  |  Jun 12, 2025

Treasury Cabinet Secretary John Mbadi said the funds aim to promote transparency, integrity, and accountability across the public service.

Counties face centralised revenue control under new Treasury regulations
Maureen Kinyanjui  |  Jun 12, 2025

The system is designed to give real-time data and visibility into county revenue streams, with added features for auditing and digital record-keeping.

Treasury orders Education ministry to cut Sh11 billion exam costs, end overseas printing
Maureen Kinyanjui  |  Jun 10, 2025

Mbadi’s comments follow public uproar over reports that the government planned to end the national exam fee waiver, which has been in place since 2015...

Treasury officials ordered to repay Sh39 million fradulently paid in unauthorised allowances
Mary Wambui  |  Jun 06, 2025

Lady Justice L.M. Njuguna consequently ordered Murage to refund Sh20,318,000. Of this amount, Sh11,078,601 is to be forfeited from his Equity Bank acc...

Treasury to securitise half of road levy to unlock funds for stalled projects
Lucy Mumbi  |  Jun 04, 2025

Wajir East MP Aden Daud questioned the rationale behind raising the levy beyond the initial Sh7 approved by Parliament.

Mbadi, Miano make new appointments across ministries
Maureen Kinyanjui  |  May 31, 2025

Tourism Cabinet Secretary Rebecca Miano also made new appointments to her docket, naming Nicanor Sabula and Fred Kaigua to the Board of Directors of t...

Government clears Sh118.3bn pending bills in Q1 2025 as Treasury pushes to cut arrears
Lucy Mumbi  |  May 26, 2025

According to Treasury data, the reduction is partly attributed to the ongoing settlements in the infrastructure docket.

Sh46.5 billion equalisation fund shortfall denies marginalised counties critical services
Lucy Mumbi  |  May 25, 2025

According to Auditor-General Nancy Gathungu, only Sh13.4 billion of the approximately Sh60 billion accrued to the fund over 13 years has been released...

Sh876bn fiscal deficit leaves no room for extra spending in 2025/26 budget, MPs warn
Lucy Mumbi  |  May 22, 2025

BAC Chairperson Samuel Atandi announced this as the committee began receiving reports from departmental committee chairpersons on the scrutiny of budg...

Treasury CS Mbadi invites public input for June 12 Budget Statement
Maureen Kinyanjui  |  May 22, 2025

The budget will cover the 2025/26 financial year and aims to address economic recovery, the cost of living, job creation, and the government’s develop...

Treasury tightens PPP rules amid public outrage over secretive infrastructure deals
Maureen Kinyanjui  |  May 21, 2025

The directive responds directly to public outrage over projects like the failed proposal by the Adani Group of India to lease the Jomo Kenyatta Intern...

Treasury doubles budget for Turkana oil project as Kenya accelerates path to commercial production
Maureen Kinyanjui  |  May 17, 2025

With Gulf Energy now in charge and the government laying down groundwork for field development plan approval, the project appears to be gaining fresh...

Report proposes public-private partnership trust fund to tap pension, insurance capital to fund projects
Rachael Mutabasi  |  May 16, 2025

The PPP-ITF proposal focuses on pooling long-term domestic capital from institutional investors such as pension funds and insurance companies. This fu...

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