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The World Bank has urged Kenya to review its budgeting for disaster and emergency management citing unsustainable ad hoc tweaks.

Kenya has relied heavily on the World Bank Group for foreign funding since January on the back of a relatively high-interest international market.

The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders this financial year ending June.

Kenya Power is one of the beneficiaries of an Sh86.95 billion State loan tapped from two international lenders.

Data released by the Treasury shows that pending bills for State corporations surged to Sh385.6 billion from Sh262.9 billion in March 2021.

The latest data from the Treasury shows that Kenya spent Sh113.72 billion on pensions in the period under review.

The European Union and its partners reimbursed Kenya nearly Sh2.54 billion for troops fighting Al-Shabaab militia in Somalia in the nine months to March 2022.

Kenya’s debt repayments towards China-funded infrastructure projects have more than doubled to a record Sh73.48 billion this financial year.

Counties are yet to receive Sh109 billion in dues from the Exchequer two months before the close of the current financial year.