NATIONAL AND COUNTY GOVERNMENTS OWE SUPPLIERS KSH640 BILLION TREASURY PRINCIPAL SECRETARY KIPTOO SAY
- Dec 13, 2023
- 2 min read
Clive Ayuko
Nairobi, Kenya 13th December 2023
The National and the County Government owe suppliers of various goods and services procured through is various agencies and departments and ministries approximately Ksh640 Billion. This was made know today during the official opening ceremony for the Public Hearings for the 2024/2025 Medium Term budget proposals at the Kenya School of Monetary Studies.
Speaking during the launch Principal Secretary at the Ministry of Finance and Economic Planning Dr. Chris Kiptoo acknowledged the indeed the County and National Government are faced with this problem saying, ” Settlement of outstanding pending bills remains a big challenge to the Government”. He continued to add, ” it is estimated that National and county governments could be owing suppliers, merchants and contractors close to Ksh640 Billion from the period between June 2005 and June 2022.”
To deal with the problem Dr. Kiptoo confirmed that the Cabinet has recently approved the establishment of a Pending Bills Verification Committee who will have the mandate to audit all unpaid liabilities for the period between 2005 and 2022.
The Committee Dr. Kiptoo continued to add, ” will be composed to representatives from the Ethics and Anti-Corruption Commission (EACC), the Law Society of Kenya (LSK), the Institute of Engineers of Kenya (IEK) and the Institute of the Certified Public Accountants of Kenya (ICPAK) who will determine the integrity of all pending bills within a timeline of 12 months.
In conclusion the Principal Secretary urged Kenyans to critically analyse the budget proposals and give input for incorporation in the finalization of the national budget. The public Hearings will be conducted at the Kenya School of Monetary Studies from the 13th to 16th December 2023.
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