MPs seek to tighten financial laws to manage public debt real time

• Lawmakers seek compel the National Treasury to set up a real time comprehensive Public Debt Registry.
• Kenya's public debt had increased significantly, from approximately Sh2.4 trillion in 2014 to over Sh12.86 trillion.

MPs are seeking to tighten financial laws to compel the National Treasury to set up a real time comprehensive Public Debt Registry, including matched debt service expenditure.

The National Assembly’s Public Petitions committee has recommended changes to the Public Finance Management Act, 2012 to expressly require the Treasury to establish, and maintain an up-to-the-minute comprehensive Public Debt Registry, including matched debt service expenditure.

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  KRA misses first-quarter revenue target by Sh58.2 billion

  The revenue underperformance in the open quarter signals unrealistic tax targets.

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  The politics of wantam, tutam and the Sh13trn debt we cannot wish away

  Those seeking to replace William Ruto must explain what they would change.