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public funds

Controller of Budget Margaret Nyakang’o. PHOTO/Citizen Digital
Business

Counties warned as 79 public funds expire, putting programmes at risk

The report shows that several counties continue to operate funds beyond their legal life, exposing them to audits and potential legal action. Section 116 of the Public Finance Management (PFM) Act, 2012, allows counties to set up public funds with approval from the county executive committee and county assembly. According to Regulation 197(1)(i) of the PFM (County Governments) Regulations, 2015, a fund can only last ten years unless formally extended by the county assembly. If not renewed, the funds automatically expire.

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Naivasha–Kisumu SGR, urban transport projects set for funding under new Cabinet-backed model
News

Naivasha–Kisumu SGR, urban transport projects set for funding under new Cabinet-backed model

The plan covers Phase 2B of the Naivasha–Kisumu SGR, the proposed SGR extension to Uganda, and the Nairobi Railway City Central Station. The Cabinet said these projects place rail transport at the centre of the country’s transport network and regional integration plans.

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