Controller of budget tells Senate committee counties owe Sh85b in pension

Controller of Budget Margaret Nyakang'o when she appeared before the Senate Standing committee on Finance and Budget payment of pending bills on March 30, 2023. [Elvis Ogina, Standard]

Controller of Budget (CoB) Margaret Nyakang'o has said county governments owe pension institutions Sh85.05 billion in outstanding pension scheme liabilities.

Dr Nyakang'o, who appeared before the Senate Public Investments and Special Funds Committee in Nairobi yesterday, noted that counties owe Lapfund Sh48.79 billion, LapTrust Sh32.95 billion while CPF is owed Sh3.91 billion as of March 31.