Principal Secretary for the National Treasury, Dr. Chris Kiptoo, has reaffirmed the government’s unwavering commitment to the prudent management of public funds, underscoring transparency, accountability, and strengthened governance frameworks as key pillars in public finance administration.
Speaking before the Special Funds Account Committee of the National Assembly on Tuesday, Kiptoo provided a comprehensive update on the performance and compliance status of various statutory funds for the financial years 2017/2018 to 2023/2024. The Committee, chaired by North Imenti MP Rahim Dawood, was reviewing the Auditor-General’s reports on several government funds, including the Provident Fund and the Government Clearing Agency Fund.
Dr. Kiptoo noted that the National Treasury has implemented continuous monitoring and auditing mechanisms to ensure accountability and efficient use of public resources. He emphasized that robust financial oversight remains central to maintaining public trust and ensuring that funds contribute effectively to national development goals.
“The National Treasury remains fully committed to enhancing governance frameworks and ensuring all statutory funds are managed efficiently and transparently in line with principles of good governance,” Kiptoo stated.
Among the funds under review were the Rural Enterprise Fund, Treasury Main Clearance Fund, Kenya Local Loans Support Fund, Equalization Fund, African Union and International Organizations Subscription Fund, and the European Widows and Orphans Pensions Fund. Others included the Contingencies Fund, Petroleum Development Levy Fund (Holding Account), Covid-19 Emergency Response Fund, and the Credit Guarantee Scheme.
Committee Chair Rahim Dawood lauded the Treasury for ongoing reforms and stressed the importance of compliance with statutory requirements. He noted that consistent auditing and financial discipline are essential for sustaining public confidence and promoting responsible fiscal management.
Dr. Kiptoo reaffirmed that all public funds remain under rigorous oversight, ensuring integrity, transparency, and efficient resource utilization to drive Kenya’s sustainable economic growth.
