National Treasury and Planning Stories
Rotich, now engaged in farming and private business, claims the government’s decision to charge him ruined his career prospects.
The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...
The committee recommended immediate payment of all valid pending bills after the auditor general had reviewed them.
PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.
The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.
The bill, which amends the Public Finance Management Act, 2025, requires state agencies to open project-specific bank accounts for funds allocated to...
The paper said 18.6% of the country's domestic debt will mature by June 2025, mainly due to short-term debt falling due.
The Treasury clarified that the new funding model is a one-off arrangement meant to meet specific needs.
Kenya first adopted leasing as an alternative to outright asset acquisition, starting with vehicles to address resource gaps
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...
Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...
The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...
In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.
The recurrent procurement budget has also been trimmed by Sh527.7 million, from Sh6.2 billion to Sh5.6 billion.
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.
All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.
As of September 30, 2024, pension payments for ordinary and commuted pensions had reached Sh58.57 billion, but only Sh24.23 billion was covered by exc...
Gathungu highlighted concerns over the improper utilisation of billions in loans and recommended measures to prevent avoidable financial burdens.
Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...
