National Treasury News

MPs demand release of funds to hire extra teachers

, NAIROBI, Kenya, Jan 17 – The National Assembly Education Committee is demanding that National Treasury Cabinet Secretary Henry Rotich releases Sh5 million allocated for recruitment for 10,000 teachers.

Capital News , Kenya Jan 17, 2019

KRA targets to collect Sh6.1 trillion by 2021

National Treasury Cabinet Secretary Henry Rotich said the Corporate Plan focuses on the country’s development agenda as spelt out in the Kenya Vision 2030, the Third Medium Term Plan, the Budget Policy Statement 2018 and the Big Four Agenda.

Capital News , Kenya Jan 17, 2019

Mboweni wants end to Zimbabwe sanctions

Mboweni said that South African government representatives, including National Treasury director-general and the Reserve Bank governor, had met with their Zimbabwean counterparts on December 26 in Johannesburg and had had a conversation about the status of the Zimbabwean economy, the finance and banking systems, the attempts to reignite the economic health of Zimbabwe, adding that they reaffirmed their mutual commitment to working together to assist the troubled country.

IOL , South Africa Jan 16, 2019

Change in law opens window for rise in cost of bank loans

In May last year, the National Treasury announced it was mulling a scheme to guarantee commercial bank loans to SMEs as part of the effort to reduce their risk profile, keep loan prices low and ease access to credit.

Business Daily Africa , Kenya Jan 16, 2019

#StateCaptureInquiry: Who will be applying to testify?

He said the contract was for the supply of artwork but the service provider never delivered despite the National Treasury investigating the matter.

IOL , South Africa Jan 15, 2019

State urged to take up IMF offer

With public debt currently at Sh5.15 trillion, the National Treasury has allocated Sh870.6 billion towards debt repayment in the current fiscal year alone.

The Star , Kenya Jan 15, 2019

Zero expenditure on projects as salaries gobble up county funds

The budget controller, however, blamed the National Treasury, citing delays in disbursement of county cash.

The Star , Kenya Jan 15, 2019

South Africa’s big expat tax is coming

In 2017 the National Treasury and SARS announced that they would be introducing major changes in the tax exemption on South African expatriates.

Business Tech , South Africa Jan 15, 2019

Former Gem MP Jakoyo Midiwo asks Kenyans to stop using the SGR

If it was someone from National Treasury or from Attorney General's office, he must be a criminal.

Tuko , Kenya Jan 15, 2019

KISERO: Dark holes in foreign debt show need for clear borrowing

Under the Public Finance Management Act, the Cabinet Secretary for The National Treasury is supposed to provide to Parliament a report every four months on all new loans obtained from outside Kenya or denominated in a foreign currency.

Daily Nation , Kenya Jan 15, 2019