WEEKEND EDITION, DECEMBER 4-6, 2015 | www.x254.co
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MPs differ with senators on the fate of cic while the senate wants the commission’s term extended by two years, the national assembly insists the nyachae-led team must go at the end of their term
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How ministries shared the Eurobond proceed V arious government departments received allocations from the Sh250 billion Eurobond whose expenditure has now become a controversial issue. According to a breakdown from the Treasury, Sh25 billion was given to the ministries of Transport, Environment and Agriculture in the financial year 2013/14.
Transport ministry got the lion’s share of Sh14.9 billion allocated to it while Environment ministry and department of livestock was given Sh3.8 billion and Sh2.9 billion respectively with another Sh3.1 billion going to the ministry of Agriculture. A total of Sh35 billion is said to have been disbursed in the year while the remaining Sh140.5 billion of the initial sovereign bond was spent in the financial year 2014/15.
A statement by Treasury Cabinet Secretary said Sh75 billions raised from the tap sales were also used in the 2014/15 financial year. “It is clear therefore that the total of these amounts (35+140+75) is the total amount of the bond proceeds. Therefore, there is no missing Sh141 billion,” he said in the statement. CONTINUED ON PAGE 2
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NLC vs ministry Supreme Court ruling to end incessant wars pitting the lands agency and the department
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National Treasury Cabinet Secretary Henry Rotich when he appeared before the Parliamentary Committee on Budget Appropriations in October. He has released a breakdown of how the Eurobond money was disbursed to various government agencies.
Terror in Europe www.x254.co
New intelligence reports show terrorists are planning to hit London