County Public Finance Laws,Public Finance,Public Finance Management,public Finance Management Act Stories

Ruto assents to new Bills strengthening county revenue and public finance management
Maureen Kinyanjui  |  Aug 13, 2025

Ruto assented to the County Allocation of Revenue Bill, 2025, and the County Public Finance Laws (Amendment) Bill, 2023, on Wednesday at the Homa Bay...

Counties face stricter budget rules under new Bill
Rachael Mutabasi  |  Aug 01, 2025

Sponsored through the Senate, the Bill seeks to amend various county public finance laws to align them with the national framework established under t...

Parliament's delay in enforcing audit reports threatens public funds, Auditor-General Gathungu warns
Lucy Mumbi  |  Jul 13, 2025

Gathungu is advocating for amendments to the Public Finance Management (PFM) Act to introduce penalties, arguing that such measures would promote fisc...

MPs slam Nairobi transport authority over Sh1.8 billion budget breach, audit failures
Maureen Kinyanjui  |  Jun 28, 2025

MPs warned that the Authority’s under-expenditure had undermined its ability to provide effective services.

Auditor General Nancy Gathungu exposes IFMIS failures, Sh10.2 billion unapproved government spending
Lucy Mumbi  |  Jun 23, 2025

Auditor General Nancy Gathungu said the system has led to the loss of public funds through irregular transactions and the expenditure of over Sh10.2 b...

Government contractors, suppliers risk ban if not registered on e-procurement portal by July 1
Lucy Mumbi  |  Jun 22, 2025

KURA stated that the directive is in line with a presidential order and supports ongoing public finance management reforms aimed at digitising and str...

Lobby group Okoa Uchumi warns 2025 budget will raise costs, deepen inequality in Kenya
Lucy Mumbi  |  Jun 04, 2025

Okoa Uchumi says several proposals in the Finance Bill 2025 place an unfair burden on ordinary citizens while protecting elite interests, risking grea...

Wasted billions: Auditor-General raises alarm over Sh304bn unused in key government projects
Lucy Mumbi  |  Jun 02, 2025

Gathungu expressed concern over the government’s repeated failure to fully utilise development funds, warning that the trend poses a threat to the del...

Why Kenya risks losing billions if it ignores World Bank public sector reform recommendations
Lucy Mumbi  |  May 28, 2025

The World Bank indicated that inefficiencies in payroll management, excessive allowances and unchecked staff expansion, particularly at the county lev...

IMF urges Kenya to balance loans acquisition with sound economic policies
Charles Adinda  |  Mar 14, 2025

Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...

Government breaches law by using Sh467.6 billion from borrowed loans for salaries
Maureen Kinyanjui  |  Feb 19, 2025

The revelation underscores the cash flow pressures the government faced leading up to the 2024 tax proposals that triggered countrywide protests.

Controller of Budget launches investigations into suspect bank accounts in counties
Lucy Mumbi  |  Feb 08, 2025

Nyakang’o said her office is scrutinising the accounts to determine when they were opened, who manages them, and their intended purpose.

Cabinet approves bills to streamline project funding, boost traders' access to credit
Lucy Mumbi  |  Jan 21, 2025

The bill, which amends the Public Finance Management Act, 2025, requires state agencies to open project-specific bank accounts for funds allocated to...

MPs want time to review budget policy statement extended by seven days
Maureen Kinyanjui  |  Jan 15, 2025

The amendment, introduced by Uasin Gishu Woman Representative Gladys Boss Shollei, seeks to modify Section 25(7) of the PFM Act.

Government launches digital headcount of retirees to remove ghost pensioners, reduce wasteful spending
Maureen Kinyanjui  |  Jan 10, 2025

National Treasury Principal Secretary Chris Kiptoo stated that the February deadline is non-negotiable.

National Assembly rejects 5 per cent tax on infrastructure bonds interest
Maureen Kinyanjui  |  Dec 05, 2024

The Treasury had projected that taxing infrastructure bond interest would generate Sh13 billion annually, a crucial part of its efforts to raise Sh174...

Programme to curb public sector fund mismanagement launched in Nairobi amid rising graft
Alfred Onyango  |  Nov 29, 2024

The capacity-building initiative seeks to address the persistent challenges by developing the leadership and governance capacities of top state offici...

Report reveals Kenyan government borrowed Sh258 billion in 11 new loans
Maureen Kinyanjui  |  Oct 05, 2024

The report, presented on October 1, reveals that the loans were sourced from both multilateral and bilateral lenders.

Aid flows to Kenya to drop further as focus shifts to poorer countries
Ibrahim Omar  |  Jan 30, 2024

The IPF says this decline in development aid to Kenya is set to continue because rich countries are diverting their attention to countries considered...

State budget cuts still far from easing Kenya's debt pains - report
Dennis Tarus  |  Jan 29, 2024

In a new report, the Institute of Public Finance (IPF) says that despite cutting budgets to control government spending, high public debt service cost...

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