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Radio Generation Kenya

Public Finance Management

Ndeti rejects Sh17.8bn Machakos budget over Sh854m assembly cuts
Eastern

Ndeti rejects Sh17.8bn Machakos budget over Sh854m assembly cuts

Ndeti said the Assembly had altered allocations by Sh853.96 million after the Executive presented its budget. She said the original plan was balanced and based on the 2026 County Fiscal Strategy Paper (CFSP), but the version passed by the Assembly on August 18 contained changes that she considers unlawful.

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MPs demand tighter control over housing levy billions
News

MPs demand tighter control over housing levy billions

The Office of the Controller of Budget is mandated to oversee the implementation of national and county government budgets by authorising withdrawals from public funds. It also prepares statutory reports, publicises its findings and investigates the use of public money either on its own initiative or following complaints from members of the public.

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Ruto signs law, creating Kenya's first Sovereign Wealth Fund
News

Ruto signs law, creating Kenya's first Sovereign Wealth Fund

The new law creates a legal and institutional framework for the establishment, governance and management of the Sovereign Wealth Fund, fulfilling a commitment President Ruto made during his 2025 State of the Nation Address to establish a long-term national savings vehicle alongside the National Infrastructure Fund.

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