Business
Treasury unveils major reforms in public finance system
The National Treasury is set to kick off a comprehensive series of fiscal reforms beginning July 2025, anchored on the Treasury Single Account (TSA) system.
The National Treasury is set to kick off a comprehensive series of fiscal reforms beginning July 2025, anchored on the Treasury Single Account (TSA) system.
Kenya’s public debt is now equivalent to 70% of the country’s gross domestic product.
MPs questioned whether the new project was another example of the government handing control of national systems to private entities.
The government has surpassed its approved borrowing limit by Sh220 billion in the current financial year, raising concerns about economic stability.