Ministry of Treasury,Treasury Stories
Speaking before the Public Debt and Privatisation Committee, Treasury Cabinet Secretary John Mbadi admitted that there are currently no formal rules g...
The IMF has expressed concern over the shilling’s narrow trading range, which has remained between Sh129.22 and Sh129.24 since the start of the year,...
The call follows the committee’s backing of a Delegated Legislation Committee report that recommended annulling a Public Procurement Regulatory Author...
Kitui Rural MP David Mwalika questioned whether skipping committee meetings reflects the “kind of expertise that led to his poaching from ODM”.
Under the plan, Sh2.16 billion will be paid out in the 2025-26 financial year. This will be followed by two equal instalments of Sh2.80 billion in 202...
Posta faces monthly payroll costs of Sh118 million and annual wage obligations of about Sh1.7 billion, against revenues of only Sh2.3 billion, leaving...
The funding shortfall has already affected the EACC’s core functions. Plans to recruit 200 new officers were shelved due to insufficient budgetary all...
CS Mutua disclosed that after discussions between the Ministry of Agriculture, the Kenya Sugar Board, and the National Treasury, an MoU was signed on...
Education Cabinet Secretary Julius Ogamba told the National Assembly’s Education Committee that KNEC’s approved budget for the 2024/25 financial year...
The committee is now urging the National Treasury to enforce strict measures, including performance-based benchmarks and readiness checks before appro...
While the sector’s share of total tax receipts slightly declined from 8.78 per cent in 2023, it remains a substantial contribution given that it origi...
The documents show that the expenditure rate in Kindiki’s office is nearly four times that of his impeached predecessor, former Deputy President Rigat...
The Treasury notes that the proposed increase in spending underscores the government’s continued focus on economic recovery, infrastructure developmen...
According to records from the Office of the Controller of Budget, counties missed their own-source revenue target of Sh87.67 billion by 23 per cent in...
The Institute of Certified Public Accountants of Kenya (ICPAK) says the problem has persisted for years despite repeated warnings from the Auditor-Gen...
The PBO attributes these missed targets to deep-seated inefficiencies, citing poor implementation of tax policies, weak enforcement mechanisms, and wi...
Only eight counties complied with the legal limit: Kilifi (24 per cent), Siaya (26 per cent), Tana River (27 per cent), Nakuru (30 per cent), Kwale (3...
The National Treasury, together with oversight institutions, will be required to conduct regular capacity-building sessions on handling project accoun...
John Mbadi explained that the Central Bank of Kenya (CBK) and the Treasury are jointly driving reforms to ensure that residents of northern Kenya, par...
The resistance follows last month’s High Court suspension of circulars issued by the Treasury and the Public Procurement Regulatory Authority (PPRA),...
The report, tabled on October 7, 2025, shows the loans break down to Sh23.9 billion per month, Sh776.6 million per day, Sh539,321 per minute, and near...
The Committee said his repeated absences have hindered its oversight work on funds whose audit reports date as far back as the 2017/2018 financial yea...
The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...
The policy also details other financial burdens, including an estimated Sh400 million loss from delays and procurement issues in the Mzima pipeline pr...
The proposed committee will institutionalise a coordinated national approach to credit ratings, fostering structured, proactive engagement with credit...
According to Treasury CS John Mbadi, the government released the agreed Sh4.3 billion to universities and a further Sh2.7 billion this year.
According to the Treasury, clearing the earlier debt avoids higher interest costs in the future and spreads repayments over a longer period, providing...
The law requires each county to set up a County Assembly Fund, managed by the clerk, to receive and retain all assembly monies. Any withdrawals must b...
Auditor General Nancy Gathungu issued a qualified opinion on the fund’s financial statements, citing unsupported expenditures, misuse of funds, and br...
