Topic: National Treasury
Mbadi hints at resurrecting rejected Finance Bill 2024 proposals to fill Sh150 billion deficit
Aug 19, 2024 at 10:38 PM
Treasury Cabinet Secretary John Mbadi has signalled a potential return of controversial tax proposals as the government grapples with a yawning fiscal deficit....
CBK unveils new Kenya currency notes replete with updated security features
Aug 07, 2024 at 09:22 AM
Kenyans can expect to see some familiar faces – and signatures – on their money soon....
Ruto walks fiscal tightrope as he signs Supplementary Appropriations Bill into law
Aug 05, 2024 at 08:43 PM
On Monday, President William Ruto officially signed into law the Supplementary Appropriations Bill, a legislative instrument designed to navigate Kenya’s challenging fiscal terra...
SRC suspends salary review for all public servants amid fiscal crunch
Jul 18, 2024 at 03:03 PM
The Salaries and Remuneration Commission (SRC) has announced a freeze on salary reviews for all public officers, excluding State officers, for the 2024/2025 financial year....
Auditor-General questions Sh1.6 billion discrepancy in fuel testing tender
Jul 09, 2024 at 10:00 AM
Auditor-General, Nancy Gathungu, has raised concerns about a potential Sh1.6 billion loss in public funds related to a fuel-testing tender....
Government to bear expenditure cuts after Ruto signs Appropriations Bill
Jun 29, 2024 at 12:16 AM
Both levels of government—the National and County Governments—will now bear the financial strain following President William Ruto's signing of the Appropriations Bill 2024....
Treasury outlines strict remedial measures should MPs reject key tax proposals
Jun 21, 2024 at 12:37 AM
In a recent communiqué addressed to the National Assembly, the National Treasury has provided guidance regarding the conclusion of the supply and ways and means process for the fi...
What Kenyans should expect in proposed national budget taxation changes
Jun 14, 2024 at 06:20 PM
In a move set to impact Kenyans amidst the rising cost of living, the latest budget proposals reveal significant changes to taxation policies, aimed at addressing various socio-eco...
World Bank raises concerns over Kenya's revenue projections and tax policies
Jun 08, 2024 at 03:43 PM
The World Bank has issued a warning to Kenya, highlighting the negative impact of unpredictable tax changes on the country's economic stability....
SGR secures Sh901 million from Treasury for security and ticketing enhancements
Jun 07, 2024 at 12:58 PM
In the upcoming financial year starting on 1st July, the Standard Gauge Railway (SGR) is set to receive Sh901 million from the government’s budget....
Treasury extends window for importation of duty-free sugar from outside COMESA
May 28, 2024 at 06:59 PM
The National Treasury has announced a two-month extension to the duty-free importation period for white and brown sugar from outside the Common Market for Eastern and Southern Afri...
Building safety concerns increasing as Treasury slashes NCA Sh1.3 billion budget
May 24, 2024 at 11:29 PM
The National Construction Authority (NCA) of Kenya is facing a significant budgetary challenge after the National Treasury eliminated its entire Sh1.3 billion allocation for the 20...
KRA seeks more funding as it grapples with over Sh9.45 billion in unpaid bills
May 24, 2024 at 01:29 PM
The Kenya Revenue Authority (KRA) is facing a financial crunch, struggling with a backlog of unpaid bills amounting to Sh9.45 billion....
Job loss fears in public service rise as Govt mulls scrapping 130 parastatals
May 03, 2024 at 11:28 AM
Uncertainty hangs heavy over the livelihoods of thousands of Kenyans employed by State-owned enterprises (SOEs) as the government embarks on a major restructuring program....
Revenue gaps, rising debt force treasury to trim 2024/25 budget by Sh267.5 billion
May 02, 2024 at 10:46 AM
The Treasury has significantly reduced the 2024/25 budget by Sh267.5 billion, citing underperforming revenue collection and a ballooning national debt....
Why Govt is mulling slashing its public sector wage bill to 35 per cent by 2028
Apr 16, 2024 at 10:47 AM
The government announced plans to reduce the public sector wage bill from 43 per cent to 35 per cent of national revenue by 2028....
Government struggles to meet pension obligations amid cash crisis
Apr 08, 2024 at 11:14 AM
The National Treasury has acknowledged difficulties in meeting its pension obligations for civil servants....
Kenya Pipeline Company's Sh5 billion dividend boosts Government revenue
Mar 28, 2024 at 01:21 PM
Kenya Pipeline Company (KPC) has declared a notable achievement with a special dividend payout of Sh5 billion to the National Treasury for the fiscal year, concluding in June 2023....
Ruto mulls shutting down 'loss-making' parastatals to curb wasteful expenditure
Mar 26, 2024 at 08:35 PM
President William Ruto has issued directives to rein in loss-making state entities and curb wasteful expenditure across government sectors....
Development Bank of Kenya up for sale as State pushes privatisation agenda
Mar 25, 2024 at 11:49 AM
The Kenyan government is moving forward with its privatization agenda, announcing the sale of the Development Bank Kenya (DBK)....
