Treasury Says it Will Clear Pending Bills by Jan 15

The Central Bank of Kenya (CBK) which represents the exchequer’s primary debt auctioneer has listed two bonds- a re-opened 15 year issue and a new 25 year bond.

Kenya National Treasury building

The Kenyan government has set Jan. 15 as the deadline for clearing overdue payments amounting Ksh 4.2 billion.

Ksh10.8 billion of the bills have been paid in the last three months according to the Acting Treasury Cabinet Secretary Ukur Yatani in a statement issued on Christmas Eve.

“The National Government has pending bills amounting to KSh58.2 billion out of which KSh43.2 billion comprise of historical/contested bills which are undergoing audit and investigation,” he said.

“The amount of eligible pending bills paid as of 18th December 2019 is KSh28.57 billion leaving an outstanding balance of KSh22.71 billion,” the CS said.

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“Indeed, as at Monday, 23rd December 2019, the National Treasury has cumulatively released to County Governments KSh112.041 billion as their equitable share of revenue raised nationally and KSh4.08 billion as conditional grants in the FY 2019/2020.”