National Treasury Stories
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...
The county chiefs now want the Treasury to dismantle the current system and hold fresh discussions on how to create a workable model.
Ethekon added that discussions also covered preparations for the 2027 general election, voter registration exercises, and the upcoming campaign launch...
MPs sought to understand how GAA ensures that the information reaches the target audience across the country, even as the agency claimed it had saved...
The EAPC Board warned that the sale could create concentrated ownership, granting Kalahari Cement, in association with Bamburi Cement, an effective 41...
Justice Stella Rutto said the Ministry of Health and the Public Service Commission (PSC) must ensure that nurses performing the same roles receive equ...
Revenue for the coming financial year is projected at Sh3.58 trillion, while planned expenditure is Sh4.64 trillion, leaving a Sh1 trillion budget gap...
Further, the CBK’s consecutive reductions in the indicative lending rate, including the latest cut to 9.50 per cent in August, made loans more afforda...
The shortfall reflects lingering economic disruptions from the 2024-25 fiscal year, when the withdrawal of the Finance Bill 2024 and months of protest...
The governors have accused the Treasury of ignoring their concerns and failing to demonstrate where the e-procurement system is functioning successful...
Tax collections alone were Sh76 billion short, with income tax contributing the largest deficit of Sh32.1 billion. Treasury also cited the withdrawal...
The PS highlighted the vital role of insurance and reinsurance in promoting financial stability and pledged government support for inclusive and innov...
TSA will enable daily, real-time monitoring of all government funds, reduce account fragmentation, and close gaps that previously allowed the misuse o...
CS Mbadi argued that manual procurement systems have been a major source of corruption and revenue loss.
Governor Johnson Sakaja said the county has not received its equitable share for the past two months, forcing a reliance on local revenue that is insu...
The five-year Sh7.1 billion initiative was designed to fill financing gaps in the MSME sector, gaps that widened during the Covid-19 pandemic.
