We have run out of cash, Rotich admits
2 weeks ago, 06:02
The National Treasury yesterday admitted the government faces a serious cash crisis and cannot meet all its financial obligations. Funding to key government projects has been affected as well as county governments whose budget the government plans to slash by between Sh15 billion and Sh17 billion. “We need to discuss with you [senators] and governors that the figure which we put on the table is not feasible based on the challenges that I have explained,” Treasury CS Henry Rotich told the Senate ...
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