Counties yet to pay over Sh100 billion of pending bills
SEE ALSO :Kenya to host Great Lakes trade forumPresident Uhuru Kenyatta has also called on the county governments to settle the pending bills as businesses continue to grapple with cash flow issues amid a biting credit crunch. “The only prayer that we have as the Kenya National Chambers is that once the county governments receive the money from the national government, let it go to the intended use,” said Mr Ngatia. A recent report by Genghis Capital puts pending bills at Sh400 billion, which have been accumulated by counties and the central government over the last few years. Official estimates are, however, unavailable, with the Controller of Budget as of June this year putting counties’ and the national government’s debt to suppliers at more than Sh200 billion. A Treasury report to the National Assembly showed that the State owes local traders about Sh29.3 billion, though suppliers insist total pending bills run into hundreds of billions. “The latest Quarterly Economic and Budgetary Report cites Sh29.3 billion as the pending bill in 2017/18 financial year. However, this amount does not consider cumulative pending bills of the previous years and the on-going bills in the current fiscal year,” said Churchill Ogutu, senior research analyst at Genghis Capital in an earlier analysis.
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