Mystery Of Sh37 Billion Debts Choking Counties

In a statement that further raises questions on financial prudence employed by county governments, Controller of Budget Agnes Odhiambo paints a picture of devolved units that are on a spree to award tenders even in situations where there is no guarantee of budgetary allocations. In the statement to the Senate tabled on Wednesday, Mrs Odhiambo told the House that financial reports by 45 counties, excluding Tana River and Busia which did not submit their reports, indicate that the devolved units were indebted to the tune of Sh37,457,709,447 by June 30, 2015.
Read more at: http://www.standardmedia.co.ke/article/2000195382/mystery-of-sh37-billion-debts-choking-counties

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