Treasury Stories
Communities were urged to cooperate with licensed firms, but were assured they would not be moved from their land without proper payment.
The committee, in its report, called for an increase in the OAG’s annual budget to internationally recognised standards and to the constitutional mini...
According to the Treasury, the targeted agencies have roles that overlap with county governments, prompting the decision to dissolve them. Together, t...
A report by the Auditor General reveals that the money raised between 2018 and 2023 largely went to cover routine exchequer releases and debt maturiti...
In the domestic market, Treasury bonds raised Sh310.6 billion, with Treasury bills adding another Sh45 billion in new debt.
The Finance and National Planning Committee flagged the issue after Treasury documents suggested that the property, historically linked to the college...
The Treasury drew only Sh700 million from the CBK overdraft in the first three months, down from Sh1.9 billion during the same period last year.
Kenya’s budget faces mounting pressure as tax collections fall by Sh90 billion, driving a wider fiscal deficit and forcing the government to tighten s...
The proposed regulations will empower the Central Bank of Kenya (CBK) to levy heavier penalties on banks that fail to follow the Banking Act and other...
Analysts see this as a deliberate shift toward local funding, consistent with President William Ruto’s goal to reduce reliance on costly foreign loans...
Legislators expressed concern over repeated lapses in leadership and gaps in accountability, stressing the need to protect citizens’ money.
Speaking before the Public Debt and Privatisation Committee, Treasury Cabinet Secretary John Mbadi admitted that there are currently no formal rules g...
The IMF has expressed concern over the shilling’s narrow trading range, which has remained between Sh129.22 and Sh129.24 since the start of the year,...
The call follows the committee’s backing of a Delegated Legislation Committee report that recommended annulling a Public Procurement Regulatory Author...
Kitui Rural MP David Mwalika questioned whether skipping committee meetings reflects the “kind of expertise that led to his poaching from ODM”.
Under the plan, Sh2.16 billion will be paid out in the 2025-26 financial year. This will be followed by two equal instalments of Sh2.80 billion in 202...
Posta faces monthly payroll costs of Sh118 million and annual wage obligations of about Sh1.7 billion, against revenues of only Sh2.3 billion, leaving...
The funding shortfall has already affected the EACC’s core functions. Plans to recruit 200 new officers were shelved due to insufficient budgetary all...
CS Mutua disclosed that after discussions between the Ministry of Agriculture, the Kenya Sugar Board, and the National Treasury, an MoU was signed on...
Education Cabinet Secretary Julius Ogamba told the National Assembly’s Education Committee that KNEC’s approved budget for the 2024/25 financial year...
The committee is now urging the National Treasury to enforce strict measures, including performance-based benchmarks and readiness checks before appro...
While the sector’s share of total tax receipts slightly declined from 8.78 per cent in 2023, it remains a substantial contribution given that it origi...
The documents show that the expenditure rate in Kindiki’s office is nearly four times that of his impeached predecessor, former Deputy President Rigat...
The Treasury notes that the proposed increase in spending underscores the government’s continued focus on economic recovery, infrastructure developmen...
According to records from the Office of the Controller of Budget, counties missed their own-source revenue target of Sh87.67 billion by 23 per cent in...
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...
