Treasury CS Yatani admits kenya in serious financial crisis.now admits
Treasury CS Ukur Yatani has promised to release Sh39 billion to counties by Friday to avert shutdown as he lifted the lid on the financial crisis hitting the government.
Yatani pledged the disbursement when he appeared before a Senate committee to explain the delayed releases, just a day after governors threatened to shut down the devolved units for lack of funds.
They decried delayed cash disbursements amounting to Sh102 billion that has accumulated since January and affected critical services, payment of salaries and statutory deductions and clearance of pending bills.
On Tuesday, Yatani came under fire from members of the Senate Finance and Budget Committee for treating counties like "stepchildren" while national government operations run normally.
“Counties are easily ...