×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Treasury blames ministries for poor funds absorption

Treasury Cabinet Secretary Henry Rotich. [PHOTO: BEVERLYNE MUSILI/STANDARD]

Treasury Cabinet Secretary Henry Rotich has blamed the low absorption rate of development funds on unrealistic demands for money by ministries during budget-making.

Mr Rotich said that many ministries are usually optimistic that they will wholly absorb the funds when the budget is being made, and make demands that they are ultimately unable to fulfill.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in