Pension payouts hit Sh13bn in two months


Business Daily | by Constant Munda

Expenditure on pension payouts to retired civil servants in the first two months of the current financial year more than doubled as the Treasury raced to clear backlog by December.

Exchequer data released by National Treasury Cabinet Secretary Ukur Yatani shows that taxpayers spent Sh13.16 billion on pension and gratuities pay in July and August, a 108.36 percent jump compared with the same period last year…

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