The National Treasury has announced plans to roll out major reforms to tighten financial controls, boost transparency, and improve public service delivery by the government.
The initiative, dubbed Treasury Single Account (TSA), is expected to take effect in July and is aimed at consolidating government funds into a unified system, which will eliminate inefficiencies and reduce opportunities for graft. "These reforms are timely and transformative.
They will not only tighten controls and improve fiscal oversight, but also ensure value for money and greater efficiency in public service delivery," Treasury PS Chris Kiptoo said in Nairobi on Friday.
Starting in July, even the settlement of Kenya's debt, both internal and external, will be done automatically, owing to the rollout of the TSA initiative.
