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23-06-23 989 free instals
23-06-23 989 free instals





The JKIA’s Greenfield Terminal, civil works at various airports, stadiums, Kenya Academy of Sports, Crime Data Repository Unit, district headquarters, housing projects, and courts were among those cited. It says lack of controls has allowed many new projects to enter the budget pipeline hence posing a challenge in funding ongoing works.Ī Treasury report released last February showed that the Transport and Infrastructure docket had a chunk of the stalled projects. “The rapid increase in public investment since 2010 occurred without enough screening for project viability and readiness before budget,” the IMF report reads. The situation is blamed for the cash crunch in the country as the projects have tied up funds in them. IMF, in the study concluded in August but released this week, argues that about 500 projects – nearly half of government ventures, have stalled. The new system follows in the wake of a new International Monetary Fund (IMF) report revealing that Kenya would need Sh1 trillion to finalise stalled projects. To Deputy President William Ruto’s ire, the President restated his preference to the inter-ministerial committee during his Jamhuri Day speech. So troublesome it has been to a point President Uhuru Kenyatta named Interior Cabinet Secretary Fred Matiang’i to steer the implementation of government projects. The government is also banking on PIMIS to avert project delays, some of which have resulted in increased costs amid extended contract periods. Regulations on public investments require that all project ideas are subjected to the same quality assurance process, hence will be appraised before funding. National Treasury CS Ukur Yatani, in the draft 2020 Budget Policy Statement, says the use of PIMIS will be mandatory for budget preparation, execution, monitoring and reporting public investment projects. Starting next financial year, all government projects will have to be logged to the Public Investment Management System (PIMIS) for planning and execution.

23-06-23 989 free instals

President Uhuru Kenyatta’s administration has moved to contain ghost projects following the installation of a management system to monitor state ventures.







23-06-23 989 free instals