The process of outsourcing private auditors for public public funds, EY tax partner Antony Muthusi said, will however take longer as there will be need to amending existing laws. The analysts have backed the value for money audits to help rein in on runaway corruption, exacerbated by increased budgetary allocation to the national government and the 47 counties. “The budget at Sh2.3 trillion is ambitious,” Gachahi said yesterday during a post-budget media briefing in Nairobi yesterday. The budget estimates have jumped by Sh810 billion since the Jubilee administration took over the reins of power in 2013. Pressure is mounting on government to introduce value-for-money audits on how the growing annual budgets are helping grow the country's wealth and generating more job opportunities for taxpayers.

Source: The Star June 10, 2016 01:18 UTC