Tag: National Treasury

Treasury: Kenya’s Eurobonds increase cost of borrowing

Zachary Ochuodho @PeopleDailyKE Kenya’s Eurobond issued in May has eased Treasury’s pressure on refinancing maturing loans but it has exposed the country to increased costs of paying interest on foreign debt, a new report by Moody’s warns. The $2.1 billion (Sh210 billion) Eurobond proceeds reduced the Government’s short-term external refinancing risks, and also slashed the […]

President Uhuru signs into law Supplementary Appropriation Bill

President Uhuru Kenyatta on Tuesday evening signed into law the Supplementary Appropriation Bill to release funds for Government expenditure for the financial year that is ending June 30. The law mandates the National Treasury to release Sh161 billion from the Consolidated Fund to various Government departments. The funds are categorised into recurrent expenditure which totals […]

Kenyans want cost of fuel, foodstuff cut

Peter Okong’o Stung by the high cost of living and rampant unemployment, Kenyans want the cost of fuel and household goods reduced in the Sh3.08 trillion budget that National Treasury Cabinet  secretary Henry Rotich will present in Parliament this afternoon. Stakeholders in various sectors hope that the Treasury chief will put in place mechanisms that will […]

Sh1.1tr to be spent on loans repayment

The next financial year Sh3.08 trillion budget will be 2.3 per cent lower than the 2018/19 one as a result of reduced allocation to the Consolidated Fund from Sh870.6 billion to Sh805.8 billion. According to the estimates presented to Parliament, 61 per cent of the taxes will go to debt repayment from July as Sh1.1 […]