National Treasury Stories

Treasury revises PPP framework after public outcry over controversial Adani deals
Maureen Kinyanjui  |  Feb 06, 2025

The review follows warnings from international partners about weaknesses in Kenya's PPP approach.

Treasury cuts tax revenue target by Sh93 billion amid economic slowdown
Maureen Kinyanjui  |  Feb 05, 2025

Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...

SMEs first beneficiaries as Treasury to clear Sh206 billion arrears to suppliers
Maureen Kinyanjui  |  Feb 04, 2025

The mounting pending bills, compounded by the high cost of borrowing, have caused a severe cash flow crisis for private firms, particularly MSMEs.

KRA tax system outage: Insider job suspected after rare revenue decline
Maureen Kinyanjui  |  Feb 04, 2025

Treasury Cabinet Secretary John Mbadi on Monday acknowledged the significant impact of the outage on the country's revenue collections.

Ex-CS Rotich seeks Sh3bn compensation for ‘malicious prosecution’ over Kimwarer, Arror
Lucy Mumbi  |  Feb 02, 2025

Rotich, now engaged in farming and private business, claims the government’s decision to charge him ruined his career prospects.

Treasury extends mandate of taskforce scrutinising pending bills by six months
Lucy Mumbi  |  Feb 02, 2025

The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...

Senators want Treasury to use part of shareable revenue to pay county debts
Maureen Kinyanjui  |  Jan 30, 2025

The committee recommended immediate payment of all valid pending bills after the auditor general had reviewed them.

Kiptoo: Pensioners not on new portal by February deadline to be suspended from payroll
Lucy Mumbi  |  Jan 26, 2025

PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.

Treasury forms expert team to mobilise local capital for development, reduce reliance on loans
Maureen Kinyanjui  |  Jan 23, 2025

The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.

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...

Kenya to scrap one-year debt instrument
Reuters  |  Jan 21, 2025

The paper said 18.6% of the country's domestic debt will mature by June 2025, mainly due to short-term debt falling due.

Treasury boosts Immigration Department’s budget to tackle delays in issuance of crucial documents
Lucy Mumbi  |  Jan 20, 2025

The Treasury clarified that the new funding model is a one-off arrangement meant to meet specific needs.

State to introduce standardised rules for leasing public assets to boost revenue
Lucy Mumbi  |  Jan 20, 2025

Kenya first adopted leasing as an alternative to outright asset acquisition, starting with vehicles to address resource gaps

CBK raises Sh48.5 billion in oversubscribed bond sale as interest rates fall
Maureen Kinyanjui  |  Jan 17, 2025

The auction, which closed on Wednesday, included two long-term bonds, the 15-year bond, first issued in 2018, and the 25-year bond that debuted in 202...

Counties to join Treasury’s single account system as state streamlines management of public funds
Maureen Kinyanjui  |  Jan 16, 2025

Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...

Treasury CS Mbadi proposes new budgeting system to clear Sh600bn pending bills
Maureen Kinyanjui  |  Jan 10, 2025

The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...

Sh48.5 billion lying idle in county funds CBK account despite cash crunch in devolved governments
Maureen Kinyanjui  |  Jan 10, 2025

In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.

KRA slashes procurement budget by over 20 per cent due to funding cuts from National Treasury
Maureen Kinyanjui  |  Jan 10, 2025

The recurrent procurement budget has also been trimmed by Sh527.7 million, from Sh6.2 billion to Sh5.6 billion.

Hustler Fund disbursements fall sharply as govt struggles with loan recoveries
Lucy Mumbi  |  Jan 05, 2025

Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.

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