The Senate Committee on Finance and Budget has been put to task to explain why about Ksh48.5 billion of county funds is lying dormant at the Central Bank of Kenya (CBK).
This is after nominated Senator Esther Okenyuri sought a statement from the committee following a report by the National Treasury that revealed the County Revenue Fund (CRF) account at CBK held a huge amount of unspent county funds.
In her request, Okenyuri also sought a report on the amount held in the recurrent accounts for counties as of January 2025, indicating the amount meant for each county.
She further urged the committee to state the economic implications brought on by the failure of the said counties to absorb the funds, given that most of them are earmarked for development.
