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Cabinet Secretary National Treasury Njuguna Ndung'u when he appeared before the Senate standing committee on Finance on April 5, 2023. [Elvis Ogina, Standard]
State House's top economic adviser David Ndii yesterday hinted that the government is facing an acute cash crunch amid unprecedented salary delays for civil servants at both the national and county levels.
To demonstrate magnitude of the crisis, Dr Ndii revealed that President William Ruto's administration avoided a default on its sovereign debt obligations without divulging additional details on the economic risk.
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