Cash crisis continues to hurt county operations - News Summed Up

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Cash crisis continues to hurt county operations


Kakamega County has been relying on allocations for recurrent expenditure from the Treasury to pay salaries. By NATION TEAMMore by this AuthorThe National Treasury’s delay in disbursing funds to counties continues to hurt operations in a number of devolved units in parts of the country. Homa Bay Finance executive Nicholas Koriko said: “We are having difficulties in paying county workers, and clearing outstanding bills.”He urged the Treasury to give out the cash on time to avert such a crisis. We are now looking forward to the disbursement from the National Treasury,” said Mr Momanyi. HUGE DEBTSIn North Rift, several counties are grappling with huge debts as the cash crisis bites.


Source: Daily Nation November 14, 2017 04:07 UTC



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