Kenya

Kenya's Treasury Orders Comprehensive Audit of Pending Bills

The pending bills verification committee, established in June 2023, has since reviewed Ksh.664 billion in claims, approving only Ksh.206 billion for payment due to insufficient documentation for the remaining amounts.

April 23, 2025
244 1 minute read
Kenya's Treasury Orders Comprehensive Audit of Pending Bills

​The Kenyan Treasury has initiated an additional audit of outstanding government debts (pending bills), which have escalated to Ksh.706 billion as of December 2024.

The National Treasury is looking at ways of enhancing financial transparency and accountability as the government transitions from cash-based to accrual accounting.​

The pending bills verification committee, established in June 2023, has since reviewed Ksh.664 billion in claims, approving only Ksh.206 billion for payment due to insufficient documentation for the remaining amounts.

The new audit, led by the Auditor-General, aims to scrutinize these liabilities further, ensuring that only legitimate debts are settled.

Implications for Businesses

Also Read: Counties to Prioritize Pending Bills and Contain Wage Pressures

This additional audit introduces another layer of scrutiny for companies awaiting payment, potentially prolonging the settlement process.

However, it also offers businesses an opportunity to validate their claims and ensure compliance with the required documentation standards.​

Government entities were required to reconcile their records with supplier statements by June 30, 2024, to establish accurate opening balances for the new financial year.

The Auditor-General’s office will then audit these balances to confirm their legitimacy.​

 

April 23, 2025
244 1 minute read
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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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