Nine-month pension payout misses target by Sh23 billion

budget, treasury, public borrowing


Business Daily | by Constant Munda


Payments to retired public servants lagged the Treasury’s target by more than Sh20 billion in the first nine months of this financial year, latest exchequer data shows, pointing to a growing backlog in disbursements.

Exchequer data, the Treasury published last Friday, shows expenditure on pensions and gratuities to retired civil servants, teachers, police and military personnel amounted to Sh60.05 billion in the period July 2020 to March 2021.

This is Sh23.29 billion below a prorated goal of Sh83.34 billion, pointing to slower processing of claims than budgeted…

Read more…

budget, treasury, public borrowing


LEAVE A REPLY

Please enter your comment!
Please enter your name here