Kimeumana…Gov’t Pending Bills Swell To Ksh.360 Billion.

Kimeumana…Gov’t Pending Bills Swell To Ksh.360 Billion.
Spread the love

Kimeumana…Gov’t Pending Bills Swell To Ksh.360 Billion.

The stock of government debt owed to the private sector has swollen again with pending bills reaching Ksh.359.5 billion at the end of June.

This represents a significant jump in the arrears from a lower Ksh.307.8 billion at the close of March 2021.

The jump in pending bills is however against directives by the National Treasury on the prompt clearance of the arrears.

Kimeumana…Gov’t Pending Bills Swell To Ksh.360 Billion.

Fresh data on the national government pending bills by the National Treasury shows State Corporations continue to hold the bulk of pending bills at Ksh.323.2 billion or an equivalent 89.9 percent of the arrears.

Meanwhile, Ministries and State Departments hold a lesser Ksh.36.4 billion of the bills.

The highest proportion of State Corporation’s pending bills are owed to contractors and suppliers.

Pending bills by Ministries and State Departments meanwhile consist mostly of historical pending bills as of the end of the 2020-2021 budget cycle.

The Treasury says state agencies are still furnishing it with their list of pending bills with a comprehensive report on the arrears expected in October this year.

Felicity Gitonga
Felicity Gitonga is the founder of Africa Business News. abn, freelance writer, journalist, and author with a passion for telling stories.

Immediate Evacuation Of Kenyans In Afghanistan.

Previous article

100 Nairobi Sex Workers Arrested After Traders Complain They’re ‘Distracting’ Customers.

Next article

More in Business

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *