Counties owe pension funds Sh26b, says budget boss standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
Treasury overshoots budget by Sh120.8bn
Wednesday February 10 2021
By EDWIN MUTAI
Summary
The State has overshot its approved 2020/2021 budget by Sh120.8 billion, mainly pressed by Covid-19 related expenditure, new documents filed in Parliament show.
Treasury Cabinet Secretary Ukur Yatani said the overall ministerial cumulative expenditure in the fiscal year 2020/21 had increased by four per cent from the original approved budget.
The State has overshot its approved 2020/2021 budget by Sh120.8 billion, mainly pressed by Covid-19 related expenditure, new documents filed in Parliament show.
Treasury Cabinet Secretary Ukur Yatani said the overall ministerial cumulative expenditure in the fiscal year 2020/21 had increased by four per cent from the original approved budget of which recurrent and development spending climbed by 2.1 and 7.7 per cent, respectively.
/Courtesy
Auditor general Nancy Gathungu has flagged supplies worth Ksh281 million to the National Youth Service (NYS), raising eyebrows at the already tainted image of the government body.
In her latest audit report, Gathungu flagged the supplies for 20,000 woolen blankets, 126,000 metres of digital camouflage material, 10,000 pairs of high-ankle military boots, canned beef and pineapples, uniform materials, and gumboots.
The supply of camouflage material would cost Ksh74.97 million, woolen blankets Ksh51.4 million, olive green jerseys Ksh49.5 million, canned beef and pineapples Ksh31.74 million, high-ankle military boots Ksh29.8 million, uniforms materials Ksh20.16 million, gumboots Ksh0.95 million and police uniform Ksh23.4 million.
Gathungu discovered several anomalies in the transactions including rejection of discounts by suppliers, payment for goods without confirming delivery and placing orders without approval.
5,000 public accountants to undergo training in IPSAS Listen to article
Some 5,000 public accounting officers in the country are to be trained in International Public Sector Accounting Standards (IPSAS) accredited certification.
The e-learning training programme, which begins today android ends in December this year, aims at sharpening the skills of the accounting officers to ensure efficiency in the public sector financial management system.
The acting Controller and Accountant-General, Mr Kwasi Kwaning-Bosompem, who launched the programme in Accra yesterday, said: “IPSAS is presently the focal point of global revolution in government accounting in response to calls for greater financial transparency and accountability.”