Net Exchequer Issues News Today

Busia Senator Okiya Omtatah has alleged that the government financed businesswoman Ann Njeri Njoroge in the contentious Ksh.17 billion fuel deal.

Saturday November 18, 2023 - Busia Senator Okiya Omtatah has sensationally claimed that the controversial Sh17 billion oil was imported into the country by the Government of President William Ruto, through tycoon Ann Njeri. In a statement on Saturday, Omtatah dared Energy Cabinet Secretary Davis Chirchir and his Transport counterpart, Kipchumba Murkomen, to prove him wrong on the Sh17 billion oil…

The senator says the oil was bought by the government with money 'stolen' from Consolidated Fund.

Debt costs projected to hit Sh1.4 trillion in the current financial year ending June.

Recently, the current administration announced several disparate measures to be undertaken to increase revenue collection.

THE STANDARD By Dominic Omondi | March 16th 2021 at 10:57:57 GMT +0300 Development spending is the biggest casualty in the government’s latest austerity drive with Treasury’s disbursement to ministries dropping by 54 per cent in February. State agencies received Sh163 billion in the eight months of the financial year (FY) 2020/21 for development spending, a substantial drop from Sh360.6 billion that they received in the same period last year, This is captured in the latest Statement of Ac...

By Soko Directory Team / Published December 23, 2020 | 12:13 pm Kenya’s parliament has approved the National Treasury’s decision to revert taxes to Pre- Covid levels in January 2021  to manage the growing revenue deficit, cutting short the relief that Kenyans have been enjoying since President Uhuru Kenyatta made the order. The government in March temporarily reduced taxes aimed at offering a reprieve for businesses and consumers who had been adversely affected by the pandemic. According t...