The petition seeks to hold President Uhuru and key officials in his administration legally liable for the Sh4.6 trillion debt accumulated between the...
The latest figures by the Kenya National Bureau of Statistics (KNBS) show the country’s current account balance widened by 58 per cent, rising to Sh66...
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...
Pension obligations are part of non-discretionary government spending that must be settled without delay, but Treasury cash flow issues have continued...
According to data from the National Treasury, Sh851.42 billion of this amount will go toward domestic debt repayment, while Sh246.26 billion will be u...
Omtatah is asking the court to hold the former President and his administration personally liable for the debts and surcharge them under Article 226(5...
In his suit, Omtatah wants former National Treasury CS Njuguna Ndung’u, Controller of Budget Margaret Nyakang’o, and Auditor-General Nancy Gathungu to...
The cash goes straight to the roads board, which conducts maintenance of roads on behalf of the government. Ruto's government has also turned to China...
The court dismissed the application, stating that the government failed to demonstrate how its pending appeal would be undermined without the suspensi...
The sharp rise in domestic interest payments highlights the financial strain of borrowing from the local market as the government navigates rising deb...
The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...
Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...
The current public debt currently stands at 67 per cent of GDP, amounting to Sh10.79 trillion as of September 30, 2024, a sharp increase from Sh10.58...
Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...
The warning follows the IMF's approval in October of a Sh78 billion loan to Kenya. The decision was part of a review process disrupted earlier this ye...
Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.
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