Treasury holds Sh50b as austerity kicks in

National Treasury shows that the Government retained Sh50.5 billion. [File, Standard]

The Government’s austerity measures this financial year seem to be bearing fruit, but at the expense of counties and State departments that are now starved of cash.

A new report by the National Treasury shows that the Government retained Sh50.5 billion in the first quarter with the exchequer balance as at end of October reading Sh66.8 billion, indicating significant consolidation of funds.