STALLED GOVERNMENT PROJECT ESTIMATES STAND AT KSH 1.3 TRILLION TREASURY SAYS

Clive Ayuko Nairobi, Kenya 13th December 2023 The value of stalled government projects is estimated at Ksh1.3 Trillion. This is according to Ministry of Finance and Economic Planning Principal Secretary Dr. Chris Kiptoo was making his opening address during the 2024/2025 Midterm Budget Proposal hearings at the Kenya School of Monetary Studies today morning Speaking during the ceremony Dr. Kiptoo acknowledged; ” during the financial years 2018/2019 the National Treasure undertook a review of stock of projects in all Ministries, Department and Agencies and found that projects that has stopped being implemented for various reasons to include: having been recieving token budgets which cannot facilitate meaningful implementation and thereby stalled stood at Ksh1.3 Trillion, a situation he argued could be party attributed to government accumulated pending bills amounting to ksh640billion. “Going forward” He continued to add, ” the government will take stock of all projects to establish if they are aligned with the governments development agenda. Those found to be out of line with the same will be cancelled or suspended until such a time when funds will be available for their implementation.

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