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Radio Generation Kenya

Consolidated Fund

MPs seek new powers for CoB to track billions in state funds
News

MPs seek new powers for CoB to track billions in state funds

The National Assembly Committee on Constitutional Implementation Oversight says the current legal framework has left a large amount of public money outside the direct reach of the Controller of Budget, with 75 funds and levies at the national level and several others at the county level operating as potential blind spots.

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Treasury faces scrutiny over Sh2.6 trillion domestic loans
Business

Treasury faces scrutiny over Sh2.6 trillion domestic loans

According to the Public Finance Management Act 2012, government borrowing should be focused on development, while short-term loans like overdrafts are meant to manage cash flows. As of September, Kenya’s public debt stood at Sh12.05 trillion, with domestic borrowing accounting for more than half of the total.

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