State’s spending of Covid loans queried



The Standard | by Frankline Sunday


The National Treasury has come under the spotlight over opaque budgeting and disbursement of money borrowed to fight Covid-19 effects on the economy.

A new report from the International Budget Partnership (IBP) indicates the government spent tens of billions of shillings from loans borrowed in the 2019/2020 financial year without properly accounting for the same, raising questions on whether the funds were used for the intended purposes.

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here