The Cabinet Secretary (CS) for National Treasury and Economic Planning, Prof. Njuguna Ndung’u has proposed the amendment of the Public Finance Management (PFM) Act 2012 and the attendant regulations to replace the current numerical debt ceiling of Ksh 10 trillion with a debt ratio of 55 percent present value of the Gross Domestic Product (GDP).

Isiolo County Senator Fatuma Dullo is seeking for a statement from the Senate Standing Committee on Finance and Budget regarding the chronic delays in disbursement of exchequer funds to counties and reports of hacking of the Integrated Financial Management and Information System (IFMIS).

In her request, the lawmaker wants the committee to state the reasons of the incessant delays in the disbursement of exchequer funds by the National Treasury, particularly to counties.