Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B

By PSCU,

President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill

Supplementary budget pushes up borrowing by Ksh.125.7 billion

By Kepha Muiruri,

The first 2020-21 supplementary budget estimates approved by the National Assembly will push up borrowing by a further Ksh.125.7 billion increasing Ke...

borrowing , Kenya's debt distress , National Treasury

Local debt repayments swallow up Kenya’s savings from international debt suspension

By Kepha Muiruri,

Rising local debt repayments by the National Treasury have swallowed up savings from the country’s participation in the debt service suspension init...

Debt Service Suspension Imitative (DSSI) , National Treasury

Migori county assembly allocates funds for car grants

By George Juma,

Migori County Assembly and the department of lands and physical planning are set to benefit more from the county second supplementary budget. In th...

car grant , MCAs , migori county assembly

Treasury’s headache after Parliament cuts down local borrowing

By Kepha Muiruri,

The National Treasury is facing a migraine after Members of Parliament approved proposals limiting its reliance on domestic borrowing. The proposal...

CS Yatani , domestic borrowing , Kenya's debt distress , National Treasury

Kenya’s credit rating downgraded on debt woes

By Kepha Muiruri,

Kenya has earned yet another ratings downgrade over its rising debt vulnerabilities with the Standards & Poor's (S&P) lowering the country’s...

credit rating , Kenya's debt distress , National Treasury , Standards and Poor's

Treasury on the spot over zero funding for vaccines

By Kepha Muiruri,

The National Treasury has come under fi re for the non-allocation of resources for the procurement of COVID-19 vaccines in the financial year commenci...

2021/22 , COVID-19 , National Treasury , vaccines

Sonko: Why I refused to sign the 2020/2021 Appropriation Bill

By Citizen Reporter,

Nairobi Governor Mike Sonko has defended his refusal to sign the 2020/2021 Appropriation Bill, saying he only followed the law. Sonko dismissed cla...

Treasury seeks to push borrowing to Ksh.951.4 billion

By Kepha Muiruri,

The National Treasury has proposed to push its planned borrowing across the 2020/21 fiscal year by 13.1 per cent to Ksh.951.4 billion from a previous ...

borrowing , coronavirus , Kenya's public debt , National Treasury

Kembi Gitura in heated exchange with Senators over KEMSA saga

By Dorcas Wangira,

A Senate committee has directed for another special audit on how the Kenya Medical Supplies Authority (KEMSA) appropriated funds for COVID-19 supplies...

coronavirus , kembi Gitura , KEMSA , manjari

Kimani Ichung’wa moved from Budget to ‘Catering’ committee after Jubilee purge

By Francis Gachuri,

Kikuyu Member of Parliament (MP) Kimani Ichung’wa who was recently de-whipped from the lucrative Budget and Appropriations Committee has been slotte...

Kimani Ichung'wa , Member Services and Facilities Committee

Oparanya under fire over Ksh.269M for Linda Afya ya Mama na Mtoto program

By Edwin Obuya,

Kakamega Governor Wycliffe Oparanya was put to task to defend the viability of his pet program Linda Afya ya Mama na Mtoto that aims to provide financ...

linda afya ya mama na mtoto , Oparanya

Kirinyaga Governor Anne Waiguru says MCAs budget changes are illegal

By Johnson Muriithi,

Kirinyaga Governor Anne Waiguru has accused the County Assembly of arm-twisting county executives to settle their scores using the 2020-2021 budget fo...

Kirinyaga , waiguru

Treasury overshoots revenue targets to fund Ksh.2.7 trillion budget

By Kepha Muiruri,

The National Treasury has once again overestimated the domestic revenue targets for the financial year commencing July 1, 2020. According to the Bu...

2020/2021 budget , Covid-19 pandemic , National Treasury

Budget Committee seeks to raise budget by Ksh.50 billion

By Kepha Muiruri,

The National Assembly Budget and Appropriations Committee (BAC) has proposed ammendments to the 2020/21 expenditure estimates that will see a cumulati...

2020/2021 budget , National Treasury

KRA projects Ksh.283B deficit in annual tax collections

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has disclosed a Ksh.283 billion hole in expected collections in the financial year ending on June 30. The tax man...

KRA , tax

Treasury faces uphill task to raise Ksh.759 billion in three months

By Kepha Muiruri,

The National Treasury is facing an uphill task to raise Ksh.759.1 billion in three months to the end of the fiscal year in June under hardships brough...

2019/20 budget , National Treasury , Ukur Yatani

2019 Review: Treasury gets free pass on new borrowing

By Kepha Muiruri,

In a complete mirror opposite to his predecessor, Acting National Treasury CS Ukur Yatani threw in the towel on Kenya’s debt sustainability claims. ...

CS Ukur Yatani , Kenya's debt , National Treasury , PFM Act

Yatani ordered to immediately disburse revenue due to 35 counties

By Dzuya Walter,

National Treasury acting CS Ukur Yatani and the Controller of Budget have been ordered to immediately disburse the equitable share of revenue for 35 c...

Yatani

Showdown looms as Yatani freezes revenue for 17 counties

By Kepha Muiruri,

Acting Treasury CS Ukur Yatani has set himself for a new showdown with 17 counties after the freeze of equitable share transfers over inaction on the ...

Ukur Yatani