Treasury delay blamed for debt - News Summed Up
Treasury delay blamed for debt

Treasury delay blamed for debt

January 31, 2019 20:37 UTC

Trending Today


Treasury delay blamed for debt


The Nairobi government has blamed its soaring debt on delays by the Treasury in disbursing funds. Responding to the Auditor General’s report year ending June 30, 2017, the county also blames high interest rates and penalties. The county and national government are coming up with the Nairobi County Financial Recovery Plan. In February last year, Sonko appointed a 10-member committee to review and clear pending bills for goods supplied and services dating from the previous administration. The committee’s mandate was to review and analyse all the pending bills and make recommendation to the county treasury whether or not to pay.


Source: The Star January 31, 2019 20:37 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */