Treasury to pay Sh65b to suppliers by end monthTreasury will release Sh65 billion to pay pending bills by end of the month, a meeting of Governors and Deputy President William Ruto has agreed.The meeting under the auspices of Intergovernmental Budget and Economic Council and chaired by Dr Ruto also agreed to meet the House leadership to resolve the shareable revenue stalemate. Addressing the press at his Karen Office on Tuesday in the company of Council of Governors Chair Wycliffe Oparanya, Dr Ruto said Treasury was on the final process of releasing the cash. Also in attendance were Commission on Revenue Allocation (CRA) Chair Jane Kiringai, Deputy Governors Joash Maangi (Kisii) and Titus Ntuchiu (Meru). Mr Rotich said: “We plan to release the funds by the end of the month. The figure by the Senate has been supported by the Council of Governors and the Commission on Revenue Allocation on the increased allocation.

Source: Standard Digital June 18, 2019 11:48 UTC