Business & Financial News

Kenyatta directs State agencies, Counties to pay pending bills by end of current fiscal year

Kenya’s President Uhuru Kenyatta has directed ministries and state agencies as well as county governments to reimburse pending bills to businesses and particularly small businesses by end of the current fiscal year which ends on 30th June, 2019.

The President made the remarks Saturday during this year’s Madaraka Day- a national holiday celebrated every 1st June of every year in the Republic of Kenya. It commemorates the day in 1963 that Kenya attained independent self-governance after decades as a British colony. Madaraka is a Swahili word for “freedom, independence”.

Kenyatta called on all county accounting officers to institute measures to ensure that all bills are cleared within the financial year and further directed them to give county assemblies quarterly appraisals on outstanding bills and, if necessary, establish a task force to verify and confirm the authenticity of the bills and submit a report to the county assembly. Any accounting officer who fails to do this will be held accountable.

More to follow…

Leave A Reply

Your email address will not be published.

You cannot copy content of this page