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Treasury in Sh100b raid on parastatals

The National Treasury. [Wilberforce Okwiri, Standard]

The National Treasury has managed to collect over Sh100 billion from regulatory authorities as the broke government continues to raid the coffers of State entities to fund its programmes.

By end of the second quarter of the financial year 2020-21, Treasury had received Sh32.2 billion as part of its investment revenue against a target of Sh14.7 billion, with a good chunk of the cash being surplus funds from regulators.

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