Treasury Cabinet Secretary Stories
The supplementary budget, tabled in the National Assembly, increases Kenya's total budget for the financial year ending June to Sh3.56 trillion from S...
With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...
Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...
Treasury Cabinet Secretary John Mbadi on Monday acknowledged the significant impact of the outage on the country's revenue collections.
The extension follows revelations that the taskforce, chaired by former Auditor General Edward Ouko, has cleared pending bills amounting to Sh206 bill...
The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...
CS Mbadi has issued a stern warning to parastatals, revealing that some regulatory authorities have been circumventing rules by using surpluses in the...
The invitation is in line with Articles 201, 221, and 232 of the Constitution, which require public participation in financial matters.
The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.
Budget allocation for vehicle purchases surged from Sh8.6 billion in 2021 to Sh9.7 billion in 2022, ultimately reaching Sh14.3 billion in 2023.
Audits revealed troubling findings, such as numerous incomplete projects, significant pending bills, and delays attributed to contractors.
The discussions at the IMF meeting underscore Kenya’s commitment to economic reform and resilience in the face of ongoing challenges.
Mbadi insisted that the current administration under President William Ruto cannot meet the Sh400 billion demand from the 47 governors.
Some of the questions Mbadi was to respond to include failure of the e-Citizen digital platform to process payments made to some Government institutio...
National Treasury Cabinet Secretary John Mbadi said he will reduce VAT from the current 16 per cent to 14 per cent and corporate taxes from 30 per cen...
Mbadi on Friday signed the credit facility agreement in Beijing, China with Tan Jiong, President of the China Development Bank.
According to a statement from the Treasury, the regional gathering honoured the 25th anniversary of efforts to combat money laundering and terrorism f...
The goal is to strengthen the banking sector's resilience and increasebanks' capacity to finance large-scale projects, Treasury Cabinet Secretary Njug...
Ndung’u said the government plans to also focus on strengthening the infrastructure for arts and culture and supporting cultural production and the cr...
