[SIZE=7]Ignorant! Yatani fires back at Ruto allies over Sh93m Treasury balance[/SIZE]
[SIZE=5]He says the government collects money and spends it on a daily basis depending on needs.[/SIZE]
Treasury CS Ukur Yatani has termed as ignorant claims by Kenya Kwanza leaders that they found only Sh93 million in the public coffers.
Yatani said the government does not collect money, store it in one place, and keep it for one month before distributing it after a month or a year.
“Sometimes we argue out of ignorance. I really don’t know whether to sympathise with the situation because there is really a lot of ignorance about it,” Yatani said.
A section of Kenya Kwanza leaders including Nandi Senator Samson Cherargei had claimed they found only Sh93 million at the Treasury.
During the presidential inauguration, DP Rigathi Gachagua had also claimed Kenya Kwanzahad inherited a dilapidated economy.
But even after these remarks, he flagged off the first consignment of the Sh3.55 billion worth of subsidised fertiliser on Thursday.
While insinuating that it’s possible for Treasury to be nearly empty on any given day, Yatani said revenue collected by the government is spent there and then.
“We raise revenue on daily basis and we fund the government on daily basis and there are competing needs,” he said.