Treasury locks budgets of State corporations in austerity push

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Treasury Cabinet secretary, Njuguna Ndung'u on August 9, 2023. PHOTO | BILLY OGADA | NMG

The National Treasury has banned revisions of the approved expenditure budgets of State corporations in a push targeted at wastage of taxpayers’ funds.

Treasury Cabinet Secretary Njuguna Ndung’u said the State agencies have also been outlawed from spending any funds generated or received above their approved revenue budgets.

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