Pending bills by counties rose by Sh11.74 billion in the year ended June, sinking the private sector deeper into cash-flow woes. Data from the Controller of Budget (CoB) shows that pending bills hit Sh164.76 billion in the year to June, compared to Sh153.02 billion in the period ending June 2022.
The spike highlights the mounting cashflow woes on contractors and firms that did business with the devolved units, with dozens being forced to shut down, tap loans, or cut down staff amid the funding hitches.
