Leasing industry hit by Treasury budget cuts

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National Treasury Principal Secretary Chris Kiptoo on March 6, 2023. PHOTO | LUCY WANJIRU | NMG

Dealers, who won tenders for the lucrative government vehicle leasing programme, will wait longer to be paid after the Treasury failed to allocate Sh4.3 billion to clear pending bills in the financial year starting July.

PS Chris Kiptoo told Parliament that the Treasury has not factored in the money in the 2023/24 budget to support the security sector through the leasing of motor vehicles.

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