The Treasury has disbursed Sh5 billion to the NG-CDF. It will release Sh42 billion in Sh7 billion monthly instalments from January to June 2025. This addresses delays that disrupted projects and bursary allocations, causing concerns among MPs. National Assembly Speaker Moses Wetang’ula confirmed the disbursement. He stated that Treasury CS John Mbadi assured monthly releases […]
John Mbadi,Treasury Cabinet Secretary has rejected calls for an extra Sh20 billion for counties. He says governors to accept the proposed Sh380 billion by the National Assembly. Mbadi recognized the need for more funding but stressed that Kenya’s economy cannot support the Sh400 billion requested by governors and supported by senators. Healso explained that promising […]
The Finance Bill 2024 introduced significant tax measures. The National Treasury plans to reinstate these measures. They were previously scrapped due to protests in June. This decision aligns with the International Monetary Fund‘s (IMF) conditions. The upcoming Tax Laws Amendments Bill will impose higher taxes. These taxes will apply to betting, phone calls, and data. […]
Adani Airports Holdings must meet 22 conditions before leasing Jomo Kenyatta International Airport (JKIA). Treasury Cabinet Secretary John Mbadi highlighted this during a Senate hearing. One condition requires Adani to absorb all JKIA staff. The Public Private Partnership (PPP) committee will block the deal if Adani does not meet these conditions. The Treasury directed the […]
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. […]
