- 6,160 views
The Controller of Budget Dr. Margaret Nyakang’o has warned that the increasing expenditure on public debt risks crippling key government projects. She noted that as of 31st December 2024 the public debt stock was 10.93 trillion shillings with the debt ceiling surpassed to above 65.7% of Gross Domestic Product. Dr. Nyakang'o advised the government to ensure project readiness before borrowing to avoid premature debt commitments. Additionally, the Controller of Budget has expressed concern over the 1.3 trillion shillings exchequer withdrawals which she claims were done outside the automated system designed for accountability.
Connect with KBC Online; Subscribe to our channel: https://t.ly/86BKN Follow us on Twitter: https://twitter.om/KBCChannel1 Find us on Facebook: https://www.facebook.com/kbcchannel1TV Check our website: https://www.kbc.co.ke/
#kbcchannel1 #news #kbclive
Controller of Budget concerned over Sh1.3T illegally withdrawn from exchequer
- - ›› Outro
- 10 May 2025 - The National Police Service (NPS) has restored traffic flow following a 15-hour gridlock along the Nairobi-Nakuru Highway that had forced motorists to spend the night on the road.
- 10 May 2025 - The Ethics and Anti-Corruption Commission (EACC) has reaffirmed its commitment to a proactive and tech-driven approach to intensify the fight against graft.
- 10 May 2025 - West Kenya Sugar Company under the stewardship of Chairman Jaswant Rai has officially taken over operations at Nzoia Sugar Factory in a move expected to breathe new life into the ailing mill.
- - EACC places caveat on Busia's Amoni Market land in Ksh.200M graft probe
- 10 May 2025 - Opposition leaders Kalonzo Musyoka and Eugene Wamalwa have slammed President William Ruto for allegedly attempting to control the IEBC ahead of the 2027 elections.
- 10 May 2025 - The congestion was mainly witnessed along the highway between Kariandusi and Nakuru city.
- 10 May 2025 - Raila has publicly identified as a Christian, but his specific denomination is not known.
- 10 May 2025 - Sugarcane farmers and factory workers in Kisumu County have something to smile about following the official takeover of Chemelil and Muhoroni sugar companies by new private investors.
- 10 May 2025 - ODM leader says broad-based government is not a betrayal of Kenyans.
- 10 May 2025 - Duale, KMPDU chart path to boost doctors' pay, working conditions