Principal Secretary for the National Treasury, Chris Kiptoo, on Tuesday reaffirmed the Treasury’s commitment to the prudent management of public funds when he appeared before the Special Funds Account Committee of the National Assembly.
The Committee, chaired by North Imenti MP Rahim Dawood, was considering the Auditor-General’s reports on various statutory funds for the financial years 2017/2018 to 2023/2024, including the Provident Fund and the Government Clearing Agency Fund.
Kiptoo provided updates on compliance, financial performance, and accountability measures, underscoring the Treasury’s efforts to strengthen financial oversight and promote transparency in the management of public resources.
The Committee emphasised the importance of adhering to statutory requirements and maintaining rigorous audit compliance, noting that robust oversight is vital to sustaining public confidence and ensuring effective utilisation of resources for national development.
Kiptoo reiterated that the National Treasury remains committed to enhancing governance frameworks and ensuring all statutory funds are managed efficiently and transparently in line with good governance principles.
The funds under the purview of the Committee are Rural Enterprise Fund, Treasury Main Clearance Fund, Kenya Local –Loans support Fund, Government Clearing Agency, Equalization Fund, African Union and other International Organizations Subscription Fund, Provident Fund and the European Widows and Orphans Pensions Fund.
Others include Asian Officers Family Pensions Fund, Asiatic Widows and Orphans Pensions Fund, Contingencies Fund, Petroleum Development Levy Fund (Holding Account), Covid-19 Emergency Response Fund and the Credit Guarantee Scheme.
Kiptoo said all these funds are subject to continuous monitoring and audit to ensure accountability.
