Treasury admits KES 73 billion budget error, seeks parliament’s approval for correction
The National Treasury has acknowledged a Ksh73 billion error in the Budget Policy Statement (BPS) submitted to Parliament, prompting a ...
Sunday, May 11, 2025
Tag: Treasury
Treasury proposes taking over CBK’s role in managing government securities
The Kenyan Treasury has proposed a significant shift in the management of government bonds and treasury bills by assuming the ...
New bill on virtual assets ecosystem opens for public participation
The National Treasury and Economic Planning, has unveiled a draft National Policy on Virtual Assets (VAs) and Virtual Asset Service ...
Major tax changes target digital economy and multinational corporations
The National Treasury plans to introduce sweeping tax reforms aimed at expanding the tax base, enhancing revenue collection, and ensuring ...
Kenya’s new transport policy aims to slash costs, streamline government fleet
The government has introduced a draft transport policy aimed at cutting costs and improving efficiency across its fleet of vehicles. ...
National Treasury sets 5.5% growth target for 2024/25
The National Treasury has released its annual borrowing plan for the financial year 2024/2025, forecasting a 5.5% growth rate for ...
Mbadi pledges 30% budget boost for KRA to improve staff welfare
The Kenyan government will prioritize improving staff welfare at the Kenya Revenue Authority (KRA) to enhance tax administration and collection, ...
National Treasury commences transition to accrual accounting in public sector
Kenya has initiated a significant reform of its public financial management system, transitioning from cash-basis to accrual-basis accounting over the ...
Treasury pushes for interest rate cuts as inflation falls
Treasury Cabinet Secretary John Mbadi is calling for an urgent reduction in the Central Bank of Kenya’s (CBK) interest rates ...
Senate questions Treasury’s move to slash KES 20 billion in county funds
Treasury Cabinet Secretary John Mbadi faced intense scrutiny from the Senate Committee on Finance and Budget over the government’s proposed ...
