Kenya's National Treasury has assured the public that manual withdrawals of Sh1.3 trillion over seven months have not resulted in any loss of government money. Treasury Principal Secretary Chris Kiptoo responded firmly to recent media claims suggesting financial irregularities. He explained that despite being processed manually, every financial transaction undergoes thorough examination before receiving necessary approvals from budget officials.
The Treasury affirmed that all monetary movements follow strict protocols designed to protect public resources. Officials maintain that each withdrawal meets legal requirements regardless of whether it's handled electronically or through paper-based methods. Kiptoo emphasized that financial oversight systems remain effective across all government payment channels.
Prior to the current budget cycle, the Treasury operated with traditional paper-based systems for processing government fund requests. The manual approach continued through the conclusion of the 2023/24 fiscal period because digital alternatives weren't yet fully implemented. Nevertheless, authorities insist these conventional methods included proper safeguards against mismanagement.
A significant upgrade recently transformed how government finances move between accounts. The Treasury partnered with Kenya's central bank and budget controllers to create new electronic systems for fund requests. Most government departments have successfully transitioned to this digital platform, allowing faster processing of financial approvals. However, certain special payments, including debt servicing and county transfers, remain outside the initial automation phase due to their unique approval requirements.
The Treasury affirmed that all monetary movements follow strict protocols designed to protect public resources. Officials maintain that each withdrawal meets legal requirements regardless of whether it's handled electronically or through paper-based methods. Kiptoo emphasized that financial oversight systems remain effective across all government payment channels.
Prior to the current budget cycle, the Treasury operated with traditional paper-based systems for processing government fund requests. The manual approach continued through the conclusion of the 2023/24 fiscal period because digital alternatives weren't yet fully implemented. Nevertheless, authorities insist these conventional methods included proper safeguards against mismanagement.
A significant upgrade recently transformed how government finances move between accounts. The Treasury partnered with Kenya's central bank and budget controllers to create new electronic systems for fund requests. Most government departments have successfully transitioned to this digital platform, allowing faster processing of financial approvals. However, certain special payments, including debt servicing and county transfers, remain outside the initial automation phase due to their unique approval requirements.
