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Sh20bn land in question as NYS faces Sh2.6bn deficit
News

Sh20bn land in question as NYS faces Sh2.6bn deficit

Central to the deliberations was a mismatch in trade and other payables. Financial statements tabled by the Service reflected Sh2.59 billion, while supporting ledger records presented for review showed Sh 2.72 billion, resulting in an unexplained difference of Sh130.8 million.

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Senate blocks Governors’ bid for direct market borrowing
News

Senate blocks Governors’ bid for direct market borrowing

At present, counties cannot obtain loans directly unless the National Treasury guarantees the borrowing. The Public Finance Management Act requires the national government to oversee and guarantee borrowing for state bodies, including counties, to safeguard public finances.

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