Treasury fails to disburse Sh153bn on cash crunch

The National Treasury building in Nairobi.  

Photo credit: File | Nation Media Group

The National Treasury failed to disburse Sh153.6 billion to cover various payments, including transfers to counties and pensions, exposing the cash crunch arising from the depressed revenue performance.

The unmet expenditure requests have resulted in financial challenges for retirees yet to access their pensions, while counties have struggled to meet key spending including the payment of staff salaries.

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Note: The results are not exact but very close to the actual.