Topic: National Treasury
Why Govt is mulling slashing its public sector wage bill to 35 per cent by 2028
Apr 16, 2024 at 10:47 AM
The government announced plans to reduce the public sector wage bill from 43 per cent to 35 per cent of national revenue by 2028....
Government struggles to meet pension obligations amid cash crisis
Apr 08, 2024 at 11:14 AM
The National Treasury has acknowledged difficulties in meeting its pension obligations for civil servants....
Kenya Pipeline Company's Sh5 billion dividend boosts Government revenue
Mar 28, 2024 at 01:21 PM
Kenya Pipeline Company (KPC) has declared a notable achievement with a special dividend payout of Sh5 billion to the National Treasury for the fiscal year, concluding in June 2023....
Ruto mulls shutting down 'loss-making' parastatals to curb wasteful expenditure
Mar 26, 2024 at 08:35 PM
President William Ruto has issued directives to rein in loss-making state entities and curb wasteful expenditure across government sectors....
Development Bank of Kenya up for sale as State pushes privatisation agenda
Mar 25, 2024 at 11:49 AM
The Kenyan government is moving forward with its privatization agenda, announcing the sale of the Development Bank Kenya (DBK)....
Counties grapple with delayed revenue disbursements amid treasury's cash crunch
Mar 19, 2024 at 10:39 AM
Nearly half of the equitable revenue share because of county governments remains undelivered by the Treasury, intensifying the financial strain on devolved units as the end of the ...
Kenyans to receive personalized tax refunds directly through e-receipts
Mar 18, 2024 at 12:49 PM
In an era marked by technological advancements, Treasury Cabinet Secretary, Njuguna Ndung’u, has unveiled a groundbreaking initiative set to transform the landscape of tax refund...
Kenya considers overhauling property tax, possible fivefold increase
Mar 15, 2024 at 02:40 PM
Kenya's property tax system is set for a major overhaul, with the National Treasury Cabinet Secretary (CS) Njuguna Ndung’u proposing a reevaluation that could lead to a fivefold ...
Surgeon challenges State in court over fees hike at immigration department
Mar 07, 2024 at 07:26 PM
The government's recent decision to hike fees for specific services within the immigration department has sparked a legal challenge from Nakuru-based surgeon Dr. Benjamin Magare Gi...
Discrepancies in Kenya's Budget Policy Statement raise transparency concerns
Mar 01, 2024 at 03:12 PM
Kenya's Budget Policy Statement for the 2024/2025 financial year has been met with confusion and concern because of conflicting figures regarding the total budget....
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Kenya lands on Financial Action Task Force 'grey list' over 'wash wash'
Feb 24, 2024 at 01:05 PM
Following recent developments regarding Kenya's standing with the Financial Action Task Force (FATF), the country has been placed on the 'grey list'....
Treasury anticipates Sh7.7 billion dividend boost from Safaricom's interim payout
Feb 23, 2024 at 11:52 AM
In a significant financial development, the Treasury is set to receive a notable dividend boost of Sh7.7 billion, courtesy of Safaricom's announcement of an interim dividend payout...
State House exceeds budget by Sh447 million negating Ruto austerity efforts
Feb 22, 2024 at 01:05 PM
State House, the official residence of President William Ruto, has overshot its budget for the half-year ending December by Sh447 million, contradicting the austerity measures anno...
e-Citizen: Auditor General raises alarm over compromise, accountability issues
Feb 22, 2024 at 11:46 AM
The State's e-Citizen self-service and payment portal, handling billions of shillings in transactions, faces significant control issues, according to Auditor-General Nancy Gathungu...
Kenyans not overtaxed, Treasury PS Chris Kiptoo insists despite public outcry
Feb 21, 2024 at 01:26 PM
National Treasury Permanent Secretary (PS) Chris Kiptoo has sparked debate by refuting the widespread claim of overtaxation in Kenya, citing regional comparisons and underutilized ...
Treasury set to finance budget with local foreign currency-denominated bond
Feb 20, 2024 at 05:59 PM
In a bid to strengthen its financial footing, the National Treasury of Kenya is set to introduce a local foreign currency-denominated bond as part of its budgetary financing strate...
Business community urged to boost Kenya's development via tax compliance
Feb 19, 2024 at 07:37 PM
The Kenyan government has issued a clarion call to the business community, urging them to actively contribute to national development through prompt and complete tax payments....
Kenya considers crypto regulations to avoid risk of FATF greylist inclusion
Feb 19, 2024 at 01:31 PM
Kenya is poised to join the wave of nations regulating cryptocurrencies like Bitcoin, driven by concerns about money laundering and the potential for inclusion on the Financial Act...
KRA reports significant shortfall in revenue collection for Fiscal Year 2023/24
Feb 19, 2024 at 11:16 AM
Kenya Revenue Authority (KRA) faced a significant shortfall in revenue collection, reporting a total of Sh1.27 trillion in the first half of the financial year 2023/24, ending in D...
Treasury projects sustainable debt amid global economic uncertainties
Feb 17, 2024 at 07:00 PM
Kenya has declared its public debt levels manageable through 2026, but a precarious tightrope walk lies ahead....
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