Treasury CS Rotich disowns report saying govt is broke

Thursday March 8 2018

National Treasury CS Henry Rotich

National Treasury Cabinet Secretary Henry Rotich who has now said that reports claiming that the government is broke are "fake news" and that governments do not go broke. FILE PHOTO | NATION MEDIA GROUP 

AGEWA MAGUT
By AGEWA MAGUT
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National Treasury Cabinet Secretary Henry Rotich has now said that reports claiming that the government is broke are "fake news" and that governments do not go broke.

He added that the Sh200 billion Eurobond acquired recently will keep the country afloat.

He termed as flawed the reports that the government is broke.

“How can the CEO of a broke company keep giving money for projects?" he wondered.

AGPO

The CS also urged young women to take advantage of the Access to Government Procurement Opportunities (Agpo) and do business with the State.

Speaking Thursday during the 'Girls Matter' event at the KICC in Nairobi, Mr Rotich encouraged young women to register their companies for Agpo and become suppliers for the government.

He also encouraged them to make use of the affirmative action funds to get loans to do business.

Mr Rotich said that through the Agpo programme, some challenges faced by the suppliers such as delayed payments will be curbed in the next financial year by direct payments through Treasury.

NEW SYSTEMS

He said other systems are being worked on to reduce the amount o