Treasury Cabinet Secretary Ukur Yatani on Thursday, September 22, dismissed reports that the treasury was left with only Sh93 Million immediately after the election.
Speaking during the Senate induction in Naivasha, the Treasury CS noted that some leaders argue out of ignorance in public stating that the Government doesn't collect money to store it in one place.
"Sometimes in public, we argue out of ignorance. A section of leaders claimed that the Treasury was left with Sh92 Million after the elections. The government doesn’t collect money to store it in one place. We raise revenue on a daily basis and distribute it based on competing needs," he stated.
Mr. Yatani said that the disbursement of money distributed is affected by the revenue collected which can be a challenge.
“The low revenue raised nationally impacts our disbursement not only in the counties but also to the rest of the government,” he said.
Nandi Senator Samson Cherargei had sensationally claimed that the economy is no longer in the Intensive care unit (ICU) but dead because President William Ruto found Sh93.7 million.
"The economy is no longer in ICU But Death because H.E Ruto found only 93.7M at the treasury, Uhuru went home with everything. State Capture is real. The country is broke Kenyans be patient H.E Ruto shall fix this through economic transformation & Prayers from all of us," the Senator claimed.