JUST IN: Treasury CS Mbadi Explains Ksh73 Billion Budget Error 

  The National Treasury has admitted to a Ksh73 billion error in the Budget Policy Statement (BPS) submitted to Parliament, prompting the government to seek amendments to correct the figures. In a letter dated February 25, 2025, the Treasury requested the National Assembly to approve a Ksh73 billion reduction in ministerial expenditure under the State Department for Medical Services. Treasury Cabinet Secretary John Mbadi explained that the allocation for the Social Health Insurance Fund (SHIF) had been mistakenly included in ministerial spending but was not factored into the fiscal framework, creating a discrepancy in the reported figures. “However, the said amount is not included in the fiscal framework, thus causing the difference between Ksh4.336 trillion and Ksh4.263
The post Treasury CS Mbadi Explains Ksh73 Billion Budget Error appeared first on Nairobi Wire. Read More