Thursday, October 6, 2022

CS Yatani denies Kenya Kwanza’s claim of Ksh 93.7 million balance

Treasury CS Ukuru Yatani has dismissed allegation by Kenya Kwanza that retired President Uhuru Kenyatta left a balance of Ksh 93.7 million.

Speaking on Thursday during the induction of Senators, CS Yatani called out the politicians for making such utterances when they do not understand how the money in question was used.

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He continued by saying that the government does indeed collect money on a daily basis and uses the same cash to meet its expenses such as salaries.

“When we are in the public, we argue out of ignorance. After the elections, some leaders were saying that they did not find the coffers and that the treasury only had 93 million. We do not know whether we should sympathise with the situation because there is a lot of ignorance about it.

“The government does not collect money, keeps it in a place for one month and then distributes it after a month or year,” Said. Hon. Yatani

He continued by admitting faults in making weekly projections which at time falls short causing challenges in meeting some obligations.

“Sometimes the performance of the revenue can be challenging because we make projections on the money we can collect in a week and then we find that we have collected less,” Said the CS

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Berryl Achieng
Kenyan news interests me a lot but I also keep tabs on other news making headlines in Africa and around the world.

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