The National Treasury is now eyeing private financing to
fund President Uhuru Kenyatta’s projects valued at Ksh1.1 trillion.
Treasury is betting on the public-private partnership (PPP) to finance one-third of President Kenyatta’s projects.
During the 2020 Budget Policy Statement tabled before Parliament by Treasury Cabinet Secretary Ukur Yatani
Analysts at Genghis Capital have raised fresh concerns on
the volatility of the shilling should the National Treasury’s plan to stop
taking up external commercial loans take effect.
While the switch up to concessional funding by the exchequer
is expected to rid the country from higher external interest bills,
Cabinet Secretary for National Treasury
Ukur Yatani on Wednesday hinted at a lower budget for the financial year
In what appeared to be a damning assessment of his predecessor, Henry Rotich’s handling of the national budget, Yatani said the country will now have to prepare its
The government through the National Treasury together with
the Ministry of Agriculture has set aside Ksh230 million to support in the
operation and containment of locust swarms.
As a containment measure, two aircraft have been diploid to do aerial control of the locusts. Four more additional aircraft will
Members of Parliament on Wednesday approved the National
Treasury’s request to raise public debt ceiling to Ksh9 trillion from the
current Ksh6 trillion.
During the long heated debate in the chambers, MPs said the move will paint a good image for the country in the eye of donors
National Treasury has frozen bench-marking trips by ministries and their respective State departments in fresh austerity measures aimed at cutting on public spending.
In a circular to all cabinet secretaries and accounting
officers, Acting Treasury CS Ukur Yatani said the government had further capped
the number of officers