National Treasury,Treasury Principal Secretary Chris Kiptoo Stories

Treasury to securitise half of road levy to unlock funds for stalled projects
Lucy Mumbi  |  Jun 04, 2025

Wajir East MP Aden Daud questioned the rationale behind raising the levy beyond the initial Sh7 approved by Parliament.

Mbadi, Miano make new appointments across ministries
Maureen Kinyanjui  |  May 31, 2025

Tourism Cabinet Secretary Rebecca Miano also made new appointments to her docket, naming Nicanor Sabula and Fred Kaigua to the Board of Directors of t...

Sh218bn budget shortfall threatens education, health and elections
Maureen Kinyanjui  |  May 30, 2025

Among the key programmes without funding are the school feeding programme, loans for higher education students, free education in public schools, fert...

Funding crisis looms over universities, TVETs as HELB and exam budgets slashed
Lucy Mumbi  |  May 30, 2025

The National Treasury has indicated that the allocation was excluded due to ongoing revenue shortfalls and competing expenditure demands across govern...

Mbadi blasts counties over Sh40bn pension arrears, calls non-remittance ‘theft’
Lucy Mumbi  |  May 28, 2025

Mbadi decried the persistent non-remittance of pension dues by counties, terming it a significant challenge to the viability of public pension systems...

Cabinet rift over Sh4.5 billion Bomas upgrade exposes Ruto government divisions
Maureen Kinyanjui  |  May 27, 2025

Mbadi wants the Tourism department to ring-fence the Sh4.5 billion for the upgrade, a move Miano is uncomfortable with because the facility falls outs...

Government clears Sh118.3bn pending bills in Q1 2025 as Treasury pushes to cut arrears
Lucy Mumbi  |  May 26, 2025

According to Treasury data, the reduction is partly attributed to the ongoing settlements in the infrastructure docket.

Sh46.5 billion equalisation fund shortfall denies marginalised counties critical services
Lucy Mumbi  |  May 25, 2025

According to Auditor-General Nancy Gathungu, only Sh13.4 billion of the approximately Sh60 billion accrued to the fund over 13 years has been released...

Parents to start paying exam fees from next year as government ends decade-long waiver
Lucy Mumbi  |  May 25, 2025

Mbadi said starting next year, the Ministry of Education will introduce a differentiated model for charging examination fees, where only learners from...

New Bill seeks to have counties receive conditional grants without Treasury approval
Maureen Kinyanjui  |  May 24, 2025

The bill, sponsored by National Assembly Majority Leader Kimani Ichung’wah, aims to ease access to the additional allocations by repealing Sections 19...

Sh3.8 billion needed to secure jobs for UHC staff, House report shows
Maureen Kinyanjui  |  May 23, 2025

The report, presented by Seme MP James Nyikal, also shows that an additional Sh5 billion will be required to pay gratuities to UHC staff once their co...

Sh876bn fiscal deficit leaves no room for extra spending in 2025/26 budget, MPs warn
Lucy Mumbi  |  May 22, 2025

BAC Chairperson Samuel Atandi announced this as the committee began receiving reports from departmental committee chairpersons on the scrutiny of budg...

Treasury CS Mbadi invites public input for June 12 Budget Statement
Maureen Kinyanjui  |  May 22, 2025

The budget will cover the 2025/26 financial year and aims to address economic recovery, the cost of living, job creation, and the government’s develop...

Treasury tightens PPP rules amid public outrage over secretive infrastructure deals
Maureen Kinyanjui  |  May 21, 2025

The directive responds directly to public outrage over projects like the failed proposal by the Adani Group of India to lease the Jomo Kenyatta Intern...

Treasury doubles budget for Turkana oil project as Kenya accelerates path to commercial production
Maureen Kinyanjui  |  May 17, 2025

With Gulf Energy now in charge and the government laying down groundwork for field development plan approval, the project appears to be gaining fresh...

Report proposes public-private partnership trust fund to tap pension, insurance capital to fund projects
Rachael Mutabasi  |  May 16, 2025

The PPP-ITF proposal focuses on pooling long-term domestic capital from institutional investors such as pension funds and insurance companies. This fu...

Kenya raises Sh194bn through Eurobond to ease 2027 debt pressure, boost fiscal stability
Maureen Kinyanjui  |  May 16, 2025

Treasury officials highlighted the 64 per cent participation rate in the tender and the upsized bond issue as signs of growing confidence in Kenya’s e...

Contractors await Treasury’s verdict as review on Sh518.7bn pending bills nears completion
Maureen Kinyanjui  |  May 09, 2025

As the verification process nears completion, contractors eagerly await the outcome, hoping that their claims will be validated and payments will be p...

Political Parties office gets Sh213 million boost in pre-election budget
Maureen Kinyanjui  |  May 08, 2025

The National Treasury has allocated a total of Sh1.93 billion in recurrent expenditure to the Registrar's office, up from Sh1.72 billion in the curren...

Treasury blocks MPs' bid for Sh7 billion budget increase
Maureen Kinyanjui  |  May 08, 2025

The Treasury’s decision comes amid growing pressure from international lenders and a national call for accountability in the use of public resources....

Petition exposes Sh975 billion debt linked to Treasury’s budget law breach
Maureen Kinyanjui  |  May 07, 2025

The borrowing was made possible by the Treasury's failure to submit revenue estimates to the National Assembly alongside expenditure estimates for the...

Treasury CS Mbadi: No legal cap on number of presidential advisors
Maureen Kinyanjui  |  May 07, 2025

Mbadi said the Constitution only limits the number of Cabinet Secretaries, not advisors, and that the president is fully within his rights.

Counties cry foul over Sh405bn budget, demand Sh536bn to avert crisis
Maureen Kinyanjui  |  May 07, 2025

Governors are demanding at least Sh536 billion for the 2025–26 financial year, saying anything less will cripple service delivery and violate the prin...

How billions of shillings have been splashed on State House renovations since Ruto took over in 2022
Lucy Mumbi  |  May 06, 2025

Under Ruto’s tenure alone, State House and various lodges have already spent at least Sh4.5 billion, with more funding expected in the coming financia...

Housing levy collections set to jump by 46% as govt eyes Sh95.8 billion
Lucy Mumbi  |  May 06, 2025

The budget documents tabled in Parliament by Treasury Cabinet Secretary John Mbadi show that statutory deductions from employee pay slips will increas...

Sh16.5 billion allocated to extend SGR from Naivasha to Uganda border
Lucy Mumbi  |  May 06, 2025

The total projected cost of extending the SGR from Naivasha to Kisumu is Sh380 billion, while the final section from Kisumu to Malaba, which borders U...

MPs seek to limit Treasury CS’s role in VAT exemptions after Sh300 billion revenue loss
Lucy Mumbi  |  May 04, 2025

Budget and Appropriations Committee Chairperson Samuel Atandi has said there is growing consensus in the National Assembly that the authority to issue...

Treasury revives plan to grant KRA real-time access to personal data in push for more tax
Lucy Mumbi  |  May 02, 2025

The move comes barely a year after similar proposals in the Finance Bill, 2024 were dropped following fierce resistance from the public and civil righ...

Public schools to receive Sh21 billion capitation funds from Monday
Maureen Kinyanjui  |  May 01, 2025

Addressing education stakeholders, Ogamba attributed the delay to competition for limited government resources but confirmed that the Treasury had com...

IMF probes Kenya’s governance in sweeping review set for October 2025 release
Maureen Kinyanjui  |  May 01, 2025

Dr Abraham Rugo, the executive director of Bajeti Hub, expressed scepticism about the novelty of the IMF's findings, suggesting that much of the infor...

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