Treasury Stories
The correction comes amid increased monitoring of Kenya’s public finances, with legislators keen on ensuring budget transparency and fiscal discipline...
The Ouko-led committee is also mandated to establish clear criteria for verifying pending bills and identifying fraudulent claims, corruption, or fals...
The audit report shows that in total, the statement of receipts and payments reflected Sh6.53 billion in advances to various Ministries, Departments,...
Mudavadi urged the IMF team to engage various stakeholders, including officials from the national and county governments.
A report by Auditor-General Nancy Gathungu reveals that the National Treasury initiated the project in 2009 to create a critical backup for financial...
The Auditor-General also questioned why the idle funds were not invested in interest-earning accounts, estimating a missed opportunity to earn Sh21 mi...
These cuts will impact ongoing affordable housing construction, slum upgrades and the establishment of social halls for public participation.
To curb these losses, Mbadi revealed that the government has adopted a zero-based budgeting approach, requiring justification for every expenditure in...
Data from the Central Bank of Kenya (CBK) shows that domestic debt increased from Sh4.342 trillion as of September 16, 2022, to Sh6.021 trillion by Fe...
The extra allocation towards Kenya’s security mission in Haiti is expected to bolster the morale of officers deployed in the conflict-ridden nation.
This marks the second time the Treasury has undertaken a Eurobond buyback. The first occurred in February 2024, when the government repurchased a $1.4...
The funds have been directed toward general administration, planning, support services, and foreign relations and diplomacy, including the costs incur...
Despite multiple directives to prioritise settling electricity bills, counties have continued to default, hampering Kenya Power’s efforts to recover i...
According to the Directorate of Immigration, an estimated 5,000 passport applications are processed daily, highlighting the growing demand for travel...
MPs have raised concerns that the government lacks full control over eCitizen, relying on a private vendor for 18 critical functions. They argue that...
The extension, 14 days for the BPS and 10 days for the Debt Management Strategy, was necessitated by the lapse in the committee’s term, which delayed...
The Treasury’s projection of 5.3 per cent growth in 2025 is slightly lower than the CBK’s December 2024 forecast of 5.5 per cent.
These loans, arguably, help the country address challenges such as budget deficits, maintaining public debt sustainability and alleviating foreign exc...
The debate in Parliament will determine whether counties receive the Sh17.6 billion increase proposed by the Treasury or the Sh30 billion increase rec...
The Teachers Service Commission has been allocated Sh17 billion, making it the largest recipient of the additional funds.
