National Treasury Stories
The Sh15.1 billion released on Tuesday went to 22 counties where Nakuru received the highest share at Sh1.61 billion, followed by Turkana with Sh1.12...
The audit reveals that these cancellations, which largely took place towards the end of the financial year in June 2024, are partly due to delayed dis...
While admitting that Kenya has encountered fiscal challenges, the CS maintained that the nation’s debt position remains sustainable.
He explained that January, February, and March are the most challenging financial months, highlighting the heavy financial commitments the Treasury fa...
The group argues that the Budget Policy Statement (BPS) dated February 12, 2025, lacks transparency and fails to demonstrate good faith regarding how...
The National Assembly suggested allocating Sh25.3 billion, while the Senate pushed for the full Sh50.5 billion. Governors and the Senate support direc...
The project will increase the university’s student housing capacity through the development of a new 2,000-bed hostel at the main campus and two 1,000...
According to the Auditor General, Nancy Gathungu, construction began in February 2013, with the initial completion date set for March 3, 2016. But due...
The legislation, which came into effect on December 27, 2024, lacked a transitional clause to shield businesses that had already been granted the exem...
The E-GP system, launched on Monday, is designed to automate and streamline public procurement processes. It enables government agencies to handle pro...
The CS pointed to the misuse of short-term loans to fund long-term projects as one of the key mistakes that plunged the country into its current econo...
According to CBK, this was made possible by strong investor interest in long-term government bonds and a well-supplied money market.
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.
SRC argues that using current salary levels as the basis for pension calculations would rectify discrepancies and ensure fairer retirement benefits fo...
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.
CBK Governor Kamau Thugge revealed that the regulator has initiated onsite inspections to ensure banks reduce their lending rates in line with the low...
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.
