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.
By Bradley BosireSpeaking 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 not receiving value commensurate with the county's economic strength
By Chrispho OwuorFinancial 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.
By Maureen KinyanjuiThe 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.1.6 billion per month for personnel emoluments, with an outstanding balance of Sh.1.54 billion by March 31, 2026.
By David Bogonko Nyokang'iTotal 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.
By Bradley Bosire