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Treasury: Counties with idle money to miss out on funding

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Nation | by Peter Mburu


The National Treasury will leave out 15 counties holding huge sums in their accounts at the Central Bank of Kenya (CBK) when disbursing funds to devolved units in the future, Cabinet Secretary Ukur Yatani has said.

Mr Yatani said this will minimise pressure on the National Treasury, which has been criticised for late remittance of money to county governments, sometimes stretching several months.

“There are situations in which county governments do not utilise resources given to them. Others have more than Sh3 billion in…

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