Hard truths.
Although the proportion going to recurrent expenditure has declined compared with earlier years, the use of debt to meet routine government costs remains contrary to the Public Finance Management Act, 2012.
Speaking during a Radio Generation interview on Wednesday, Ndungu said Kiambu's economy, valued at about Sh860 billion, is the third largest among Kenya's 47 counties after Nairobi and Nakuru, yet residents are...
Financial experts have asked the National Treasury to stop giving large allocations to ministries and county governments that repeatedly fail to use the money within the financial year.
The Controller of Budget's report further reveals that the County Executive continued relying on short-term borrowing to meet payroll obligations maintaining an overdraft facility with Sidian Bank averaging Sh....
Total recurrent spending for the nine months stood at Sh1.17 trillion, compared to Sh991.75 billion in the same period a year earlier and Sh905.78 billion in the 2023/24 financial year.