More Pain For Kenyans As Ruto's Government Plans To Increase Prices For This List Of Popular Goods
The Kenya Kwanza administration is now roughly four months in office even as the William Ruto led team continue to grapple with serious revenue issues. It is in the backdrop of these challenges that the government is planning to raise revenue collection in a bid to deal with the spiraling public debt that runs into several trillions of shillings.
Another Mega Scandal? How Uhuru's Govt Allegedly Rigged Shs160 Billion Road Deal Revealed
It has emerged that French EPC company, the Vinci Group that was offered the Shs160 billion Nairobi-Nakuru-Mau Summit Highway tender was allegedly supported by forces close to former President Uhuru Kenyatta. According to reports, the National Treasury's Public-Private Partnership (PPP) Unit, which is responsible for monitoring transparency and accountability in the procurement of all PPP projects was the organization that first raised concerns about the irregularities in the way the Vinci Group was offered the tender, exposing how Jubilee allegedly rigged Shs160 billion road deal.
NEWS JUST IN: CS Njuguna Ndungu Revokes 5 Appointments That Were Made to Top Posts
The Cabinet Secretary of National Treasury, Njuguna Ndungu who was appointed by President William Ruto to the top position a few months back. Cabinet Secretary Njuguna Ndungu has served in the previous administrations in various capacities as per the reports that we have with us this afternoon. The KPA is one of the most important government agencies and thus appointments to the available positions is always taken very seriously by the government.
Details Emerge on The Huge Amount Ruto's Gov't Has Decided to Give Gachagua's Wife's Office
Details have now emerged on the amount of money the National Treasury plans on giving Second Lady Dorcas Gachagua's office this coming financial year. Mrs Gachagua is already busy at work after the new regime came in, and has revealed some of the initiatives she intends to work on.
President Ruto's Camp Wants KRA to Raise Taxes to Recover 32.2 Billion
Kenyans will have to brace for tougher times this year after Kenya Kwanza administration asked Kenya Revenue Authority to come up with possible ways to recover on the missed target late last year. National Treasury PS Chris Kiptoo said KRA collected Sh786 billion between July and November last year falling short of the Sh818.7 billion target.
National Treasury CS Prof. Njuguna Ndungu Prophesies On The Probability Of An Economic Crunch Ahead
The 2023/2024 graft of President Ruto's 1ST budget plan might not materialize as earlier expected. The prophetic words of Prof. Njuguna Ndungu (CS National Treasury), have raised the alarm about where Kenya lies financially. Speaking at the public hearings of the budget-making process, the caretaker of Kenya's Treasury said that the light at the end of the tunnel grew dim by the day.
List Of Items Whose Prices Are Set To Rise After New Proposals By The Government.
Photo/Courtesy. Government has proposed that prices of a number of items be increased in bid to increase the revenue collection. After a consultative meeting with the Kenya Revenue Authority, the National Treasury has listed some items whose priced they want to be increased with certain percentages. This will be met by increasing the excise stamp fees.
New Twist As Governors Reject Treasury's New Revenue Sharing Plan For Regions
Governors have rejected the National Treasury's proposed shareable revenue disbursement formula where counties will receive allocations according to their rates of absorption. The council of Governors termed the plan by Kenya Kwanza government as illegal and unacceptable. This move the Kenya Kwanza government will leave some county in the middle of problems.
Good News To Kenyans As Treasury Issued Way In Which Citizens Can Give Their View On Ksh 3.6T
On January 9, the National Treasury issued a call for comments on President William Ruto first budget for the fiscal year 2023–2024. The ministry announced that on Wednesday January 11 Cabinet Secretary Prof. Njuguna Ndung'u will formally launch public participation in the budget-making process. Local newspapers carried the ministry announcement.
Amount Of Money Dr Ruto Ask National Treasury To Pay For Each Student In Secondary School In 2023
President William Ruto asks National Treasury to set aside capitation of Sh22,244 per learner in secondary schools, CS Ezekiel Machogu says. Standard Eight pupils sat their KCPE exams between November 28 and November 30 as Grade six students were sitting for the first Kenya Primary School Education Assessment (KPSEA) test under the Competency Based Curriculum (CBC).
Treasury Proposes Significant Increase in Excise Stamp Fees for Cigarettes, Fruit Juices, Cosmetics
The National Treasury has proposed a significant increase in excise stamp fees for cigarettes, fruit juices, and cosmetics. According to the proposal, the fee for cigarettes will increase from Kes 2.8 to Kes 5.0, while the fee for fruit juices will increase from Kes 0.6 to Kes 2.2.
How Junior Secondary Students will be Funded by the Kenya Kwanza Administation
To enable free junior secondary education in public schools, the government will contribute Sh15,000 each learner as capitation. At addition, the government advises that junior secondary students to wear different school uniform to set them apart from the rest of the students in the lower tier. Ezekiel Machogu, the cabinet secretary for education, issued a warning to school administrators not to impose any fees on junior secondary students.
BREAKING NEWS: Big Blow To Uhuru As Another Multibillion Scandal Emerges
It has come to light that the French EPC company Vinci Group, which was offered the contract for the Shs160 billion Nairobi-Nakuru-Mau Summit Highway, was allegedly helped along by people who were close to former President Uhuru Kenyatta. The National Treasury's Public-Private Partnership (PPP) Unit, which is in charge of monitoring transparency and accountability in the procurement of all PPP projects, was the first to raise concerns about the irregularities in the manner in which the Vinci Group was offered the tender, revealing how Jubilee allegedly rigged a Shs160 billion road deal, according to reports.
Treasury Proposes an Increase in Excise Stamp Fees Effective 1st March 2023, Deadline on 3rd Feb
The National Treasury has proposed an increase in excise stamp fees effective 1st March 2023. The deadline for comments on proposal is 3rd February, 2023. It is only bottled water which will remain constant as others experience an increment. Cigars, Cheroots, Cigarillos, containing tobacco or tobacco substitutes will increase from KES 2.8 to KES 5.
Reasons Why Coalition Parties Accuse The State.
Azimio coalition affiliate parties are now calling on the government to release funds meant to support the programs of political parties. Azimio la Umoja One Kenya Alliance coalition parties are now blaming the government about their funds for political parties. The parties are accusing the Executive of sitting on the funds despite a court directive to have the political parties paid, this has caused a stand off to the coalition's progress.
Happening Now: CS Treasury Speech Interrupted In KICC After Power Went Out
On Wednesday morning, a power outage struck the Kenyatta International Convention Center (KICC), interrupting Treasury Cabinet Secretary Njuguna Ndung'u's speech. Around 10 minutes into CS Ndung'u's remarks at the Treasury's Budget Public Hearings, the sound cut out, bringing the proceedings to a complete halt.
More Pain For Kenyans As Ruto's Government Plans To Increase Prices For This List Of Popular Goods.
The Kenya Kwanza administration has been in power for around four months, but William Ruto's team is still having significant problems with revenue. In light of these difficulties, the government plans to increase revenue collection in an effort to reduce the increasing public debt, which now totals several trillion shillings.
Babu Owino Issues Stern Warning Over Delayed Disbursement Of HELB Loan As He Vows To Do This Instead
Babu Owino, a member of parliament for Embakasi East, has called on the National Treasury to release student borrowers' HELB loans quickly. Owino estimated that 327,000 university students require financial aid to continue their study. "HELB needs to act quickly and give aid to its 327,000 members.
Babu Owino Issues a Serious Warning to Treasury Over HELB Loan Disbursement Delays
Babu Owino, a member of parliament for Embakasi East, has called on the National Treasury to release student borrowers' HELB loans quickly. Owino estimated that 327,000 university students require financial aid to continue their study. "HELB needs to act quickly and give aid to its 327,000 members.
Public hearing on Ruto's government proposed budget this week
Govt announces plan to hold Public Hearings on its proposed Fiscal Year 2023/24 and Medium Term Budget at the KICC from January 11 to 13. The hearings, which are in accordance with the Constitution of Kenya and the Public Finance Management Act, will be officially launched by Professor Njuguna Ndung’u, Cabinet Secretary for the National Treasury and Economic Planning, and will be attended by Honorable Ndindi Nyoro, MP and Chairman of the Budget and Appropriations Committee for the National Assembly.