Treasury Fails to Pay Sh23.78B Pensions
The National Treasury did not release Sh23.78 billion for pensions by June 2024 due to a cash shortage. This failure affected over 259,222 retirees and 83,615 dependents, violating a key budget requirement. The Treasury carried over unpaid pensions from the 2023-24 fiscal year to 2024-25, increasing the Consolidated Fund Services (CFS) budget to Sh2.08 billion. […]