Treasury CS Ukur Yatani has finally broken his silence over widely circulated claims by Kenya Kwanza allies that there’s only Kshs. 93 million left at the National Treasury.
Speaking in Naivasha on Thursday, Yatani termed as ignorant claims by President William Ruto allies.
According to the CS, 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.
During the presidential inauguration on September 13, 2022, Deputy President Rigathi Gachagua also claimed Kenya Kwanza had inherited a dilapidated economy.
“We have talked to the treasury, and the coffers are empty. We will have to start from scratch,” he stated.
Despite making the remarks, the DP on Thursday, about a week later, flagged off the first consignment of the Kshs 3.55 billion worth of subsidised fertiliser.
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.
The CS said this in response to delayed disbursement of funds to county governments.
He was speaking at the ongoing senators’ induction in Naivasha.