How Treasury single account will affect county operations
Nairobi, June 16 -- The government will extend the Treasury Single Account (TSA) framework to county governments from July, committing to a plan aimed at tightening control of public cash flows and the management of pending bills.
The rollout marks a major shift in how counties handle public money, moving away from fragmented bank accounts spread across commercial banks toward a more centralised cash management structure controlled through the National Treasury and the Central Bank of Kenya (CBK).
Read: Treasury upholds July plan for counties single account in reforms drive
The reforms come as the government intensifies efforts to tighten expenditure controls, reduce pending bills, improve visibility of public cash balances, as well as...
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