Treasury Keeps Billions of Loaned Money


FUNDS acquired by government as loans remain lying idle in the national treasury as the tax payer continues to pay 60 billion shillings per month as interest on the acquired loans. The practice according to information available to the Public Accounts Committee of parliament has lasted six years.
Paradoxically, the revelations come after the Secretary to the treasury Keith Muhakanizi accused Parliament of sabotaging government work by delaying to approve loans.