[Photo by Boniface Okendo/Standard]The National Treasury spent more than 90 per cent of the Consolidated Fund on debt repayment in the first quarter of the current financial year, new data shows. In the current financial year, Treasury has allocated Sh621.8 billion to the repayment of public debt, representing a 35.2 per cent increase from the previous year. The travel expenses of members of Parliament also took up a significant chunk of the recurrent expenditure in the first three months of the current financial year. The State Department for Broadcasting and Telecommunications spent Sh337 million in printing and advertising. The State Department of Public Service and Youth Affairs, on the other hand, spent Sh189 million while the State Department for Interior spent Sh102 million on rentals and rates for non-residential buildings.

Source: Standard Digital March 08, 2018 21:00 UTC