Treasury seeks direct control of multi-billion State funds

Kilifi County Woman Representative Getrude Mbeyu (right) and Country Executive officer for Gender Maureen Mwangovya (left) flanked with Kilifi South women group during the issuance of the Uwezo Fund cheques at Vipingo Social hall on Thursday ,May ,24,2018.The group received Sh1.7. [Maureen Ongala,Standard]

Treasury now wants direct control of money-spinning State funds that will operate outside the reach of the Auditor General.

The radical proposal by Treasury Cabinet Secretary Henry Rotich is contained in the Finance Bill, 2018 and is likely to target new funds set up for housing, oil revenues and betting in addition to other top existing institutions.