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Treasury Cabinet Secretary Ukur Yatani Refutes Claims on Ksh 93 Million Treasury Balance

According to a tweet posted by Nation Africa, treasury boss, Economist Ukur Yatani has responded to claims of government being broke by President Ruto close allies. He refuted the claims while at Senate Induction meeting at Naivasha.

The second in command, Deputy President, Rigathi Gachugua had earlier made claims that Uhuru administration left empty coffers.

"We have inherited a dilapidated economy. We have found empty coffers. There is barely any money in this country and we are starting from scratch. I ask the people of Kenya to be patient with us because we have a plan but it cannot be immediate because we have found a bad situation in terms of the economy,” said Mr Gachagua.

During an interview on National Television, the second in command indicated treasury had a balance of Ksh 93.7M.

This statement caught Treasury by surprise provoking the CS , Ukur Yatani to respond on the state of government coffers.

Photo courtesy; Nation Africa

In his response, during senators' induction course at Naivasha, Yatani dismissed the claims on the stated treasury balance. "We don’t know whether to sympathise with the situation because there is a lot of misconception. Government does not collect and store money,” said Mr Yatani.

Nevertheless the CS posed a possibility scenario for zero balance at some point as money collected is disbursed there and then.

Following his remarks, netizens uproar has flooded in social Media demanding full disclosure of the treasury balance. Below are some comments.

The CS has warned leaders against being ignorant and spreading misleading remarks. He further cautioned county governments against over-reliance on national revenue share and generate enough money to finance their budgets.

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Gachagua National Television Rigathi Gachugua Senate Ukur Yatani


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