Treasury defers Sh55bn payments on burst budgets

Nationa Treasury

The National Treasury building in Nairobi.

Photo credit: File | Nation Media Group

The National Treasury has deferred payments totalling Sh54.5 billion to the current financial year on the back of additional funding for the operation and administration of offices as well as remuneration of staff which were not in originally approved budgets.

Disclosures from the Treasury show more than 30 State departments and agencies had their recurrent budgets reviewed upwards by Sh57.26 billion in the course of the last fiscal year that ended June, pointing to inherent poor projections in expenditure plans.

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