MPs have asked the National Treasury to disclose details of development projects financed using the proceeds of Infrastructure bonds (IFBs), amid fears that the tax-free funds are being used for recurrent expenditures such as salaries for public servants.
The National Assembly’s Liaison Committee, in its report on the 2025 Medium Term Debt Management Strategy, said that the National Treasury should set up a committee that includes reps from the Central Bank of Kenya (CBK) and Controller of Budget to review procurement and use of public debt.
