Taxpayers pay Sh2.6 billion fine for unused donor funds

https://www.the-star.co.ke/business/kenya/2020-02-06-taxpayers-pay-sh26-billion-fine-for-unused-donor-funds/

[INDENT]Kenyans fork out Sh2.6 billion annually as commitment fee for donor funds and grants which remain unused, the National Treasury has revealed.[/INDENT]
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[INDENT]This, is despite the pressure to borrow more to bridge budget deficit.[/INDENT]
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[INDENT]According to the Treasury, the country has Sh1.1 trillion of unused donor funding, including grants from foreign governments and international organisations, which Ministries, Departments and Agencies(MDAs) are shy of drawing.[/INDENT]
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[INDENT]To date, total donor commitment stands at Sh2.3 trillion with the country paying an average 0.25 per cent as commitment fee.[/INDENT]
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[INDENT]The Sh1.1 trillion readily available is close to twice the country’s fiscal deficit of Sh657.4 billion in the current financial year, which the government plans to borrow to bridge.[/INDENT]
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[INDENT]However accounting officers have given the funds a wide berth even as public debt continues to swell, currently at Sh6.048 trillion from domestic and foreign borrowing.[/INDENT]
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[INDENT]“Only half of the donor funding has been utilised. Why is it that there is lack of motivation to spend donor funding , there must be a reason," Haron Sirma, director-general of public debt management at Treasury said yesterday[/INDENT]
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[INDENT]He spoke at a workshop in Nairobi, on prudent financial management, which brought together Principal Secretaries (government accounting officers), state accountants, finance officers , supply chain managers, internal auditors and director generals of state agencies.[/INDENT]
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[INDENT]"The Cabinet Secretary is under extreme pressure to borrow more, while Sh1.1 trillion is available for you to spend but you are not willing to spend. We continue incurring expenses. Why do we waste taxpayers money? Sirma posed.[/INDENT]

Wacha nikachekee inje kidogo

for govt 2.6 billion ni pesa kidogo sana. Your average local “business man” is worth 2.6 billion

2.6B can build more than a thousand schools, it is no loose change.

try and convince the government that, ati wanasema BBI inacost how much btw??

A billion is quite a lot of money. Look at it this way - 1 billion KES can sustain you spending ~KES 100K a day for 27 cool years and still remain with some pocket change which would still be a couple of years salary for a common wanjiku.

Why dont you look at it from the BBI perspective and tell me what you see

Vile @The.Black.Templar amesema kw GOK iyo billioni n pesa kidogo .