Treasury Clarifies Ksh1.3 Trillion Irregular Exchequer Withdrawals Within Months
submitted 10 months ago by Samuelwriter_ke
submitted 10 months ago by Samuelwriter_ke
- The National Treasury responded to reports of over Ksh1.3 trillion being withdrawn from the Central Bank of Kenya by the national and county governments in seven months.
- The Principal Secretary clarified that while some withdrawals were processed manually due to the lack of automation until the end of the 2023/2024 financial year, all transactions followed strict legal and financial procedures to ensure compliance with public finance regulations.
- Additionally, a major reform was launched on July 1 to automate the exchequer process in collaboration with the Central Bank of Kenya and the Controller of Budget for efficiency and accountability.
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