The government spending on pensions for public servants is set to rise by 6.2 percent in the new financial year, with the bill just Sh633.8 million shy of breaching the Sh200 billion mark for the first time.
The Treasury has estimated pension expenditure at Sh199.36 billion in the financial year 2024/25, marking a notable increase from a projected Sh187.56 billion in the ongoing financial year that ends next month.
