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Originally published by Citizen DigitalFebruary 25, 2026
2h ago
Controller of Budget flags loopholes in Ksh.5 trillion National Infrastructure Fund
CoB Margaret Nyakang'o's office says the Fund has been established as a corporate entity and not a public fund, this making it prone to abuse.She questioned the legality of excluding her office from a.....
✨ Key Highlights
Kenya's Controller of Budget and other financial experts have raised significant concerns over loopholes in the proposed Ksh.5 trillion National Infrastructure Fund Bill 2026.
- A critical concern is that the Fund is established as a corporate entity, not a public fund, making it potentially "prone to abuse."
- The Office of the Controller of Budget, Institute of Public Finance, and ICPAK are demanding amendments to ensure proper oversight and clarity on withdrawals and expenditures.
- Key recommendations include authorization of withdrawals by the CoB, integration into the budget cycle, and management by an independent entity rather than the National Treasury.
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