pending bills Stories
Nyakang’o emphasised that her office would enforce measures to ensure government institutions work towards achieving a wage bill to revenue ratio of 3...
Suppliers and contractors continue bearing the brunt of the financial uncertainty, facing liquidity challenges and the looming threat of business clos...
Only seven counties — West Pokot, Taita Taveta, Nairobi, Mandera, Lamu, Kitui, and Embu fully adhered to their approved budgets.
The Ouko-led committee is also mandated to establish clear criteria for verifying pending bills and identifying fraudulent claims, corruption, or fals...
Last year, the Controller of Budget released a report that revealed Garissa and Turkana counties have the fastest-growing unpaid bills to contractors...
The mounting pending bills, compounded by the high cost of borrowing, have caused a severe cash flow crisis for private firms, particularly MSMEs.
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.
The Third Session saw MPs enact just 34.6 per cent of the Bills introduced, a decline compared to the 26 Bills passed in the corresponding session of...
The committee recommends sanctions and surcharges for accounting officers who fail to recover outstanding imprests.
Despite this effort, the allocated amount represents just 1.03 per cent of Nairobi's total pending bills, which stand at Sh121.06 billion, the highest...
With billions still owed and time running out, it's unclear how county governments will manage this escalating financial crisis.
In Tharaka Nithi, the committee has called for an investigation into unpaid bills totalling Sh439.32 million.
The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...
In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.
State agencies in the Ministry of Roads and Transport are the largest contributors to the pending bills crisis, with debts totalling Sh173.7 billion.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
The Controller of Budget (CoB) Margaret Nyakang'o has raised concerns over the ballooning debts and urged counties to prioritise the settlement of pen...
The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.
This financial strain comes as counties grapple with outstanding debts to contractors and suppliers, amounting to at least Sh156.3 billion due to over...
