Kenyan taxpayers risk losing more than Sh30 billion in doubtful state corporation loans that have been reported differently in official government records, Auditor- General Edward Ouko has said.
Mr Ouko says in his report to Parliament that parastatals closed the 2015/2016 fiscal year with Sh572.2 billion in outstanding loan balance – which was also the opening balance for the 2016/17 fiscal year, when the debt grew 39 per cent or Sh221.5 billion to stand at 793.7 billion at the end of June 2017.
