Treasury Cabinet Secretary John Mbadi Stories

Treasury CS Mbadi proposes new budgeting system to clear Sh600bn pending bills
Maureen Kinyanjui  |  Jan 10, 2025

The CS said that the total pending bills, currently estimated at Sh663 billion, could potentially decrease to around Sh450 billion after a full verifi...

Treasury cracks down on parastatals hiding surplus funds
Maureen Kinyanjui  |  Dec 23, 2024

CS Mbadi has issued a stern warning to parastatals, revealing that some regulatory authorities have been circumventing rules by using surpluses in the...

Mbadi says state to review taxes on salaries to ease burden on workers
Maureen Kinyanjui  |  Dec 04, 2024

The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.

MPs summon Treasury, Transport CSs over audit queries linked to roads agencies
Maureen Kinyanjui  |  Oct 24, 2024

Audits revealed troubling findings, such as numerous incomplete projects, significant pending bills, and delays attributed to contractors.

Kenya's economic progress highlighted at IMF meeting in Washington
Amina Wako  |  Oct 22, 2024

The discussions at the IMF meeting underscore Kenya’s commitment to economic reform and resilience in the face of ongoing challenges.

Mbadi to governors: State can only afford Sh380 billion for counties
Maureen Kinyanjui  |  Oct 04, 2024

Mbadi insisted that the current administration under President William Ruto cannot meet the Sh400 billion demand from the 47 governors.

Uproar as Treasury CS Mbadi fails to appear before Senate
Maureen Kinyanjui  |  Sep 18, 2024

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...

State to slash VAT, corporate taxes in bid to ease economic strain
Lucy Mumbi  |  Sep 09, 2024

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...

Kenya secures Sh40 billion loan from China for rural roads projects
Maureen Kinyanjui  |  Sep 06, 2024

Mbadi on Friday signed the credit facility agreement in Beijing, China with Tan Jiong, President of the China Development Bank.

Mbadi urges stronger sanctions for money launderers to combat terrorism financing
Barack Oduor  |  Aug 31, 2024

According to a statement from the Treasury, the regional gathering honoured the 25th anniversary of efforts to combat money laundering and terrorism f...

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