, 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.
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.
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.
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.
He said the contract was for the supply of artwork but the service provider never delivered despite the National Treasury investigating the matter.
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 budget controller, however, blamed the National Treasury, citing delays in disbursement of county cash.
In 2017 the National Treasury and SARS announced that they would be introducing major changes in the tax exemption on South African expatriates.
If it was someone from National Treasury or from Attorney General's office, he must be a criminal.
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.