Home National Treasury audit gives grim view of parastatals

Treasury audit gives grim view of parastatals

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People Daily | by Lewis Njoka and John Otini


National Treasury has embarked on an audit and rationalization of State corporations in a cost-cutting strategy targeting loss-making entities in line with recommendations by Bretton Wood institutions.

The audit, which has so far evaluated 18 out of the 260 corporations, is expected to help Treasury rescue an estimated Sh382 billion in the next five years that would…

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