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Treasury under fire for holding back Sh218 billion for ministries

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National Treasury FCPA Benard Ndungu, Director General Accounting Services and Quality Assurance, when he appeared before the Committee on Trade, Industry and Cooperatives at Continental House in Nairobi on September 03, 2024 [Boniface Okendo, Standard]

The National Treasury finds itself in a tight corner, accused by Parliament of sabotaging critical development projects aimed at accelerating economic growth in the 2023/2024 financial year.

It was revealed that a total of Sh218.5 billion was not disbursed to Ministries, Departments, and Agencies (MDAs) due to a shortfall in revenue collection and financing during the year under review.

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