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Treasury tightens screws on State corporations in fresh revenue hunt

Treasury CS John Mbadi says all heads of State corporations have been instructed to prioritise cost-cutting measures. [File, Standard] i

The cash-strapped administration of President William Ruto has issued a stern directive to State corporations, demanding increased revenue generation and stricter financial discipline as part of its ongoing fiscal consolidation efforts.

In a circular issued by Treasury Cabinet Secretary John Mbadi, all heads of State corporations have been instructed to prioritise cost-cutting measures.

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