In a decisive move to streamline financial management and enhance transparency, the Treasury has reaffirmed its commitment to the July plan for establishing a single account system for counties. This reform initiative aims to revolutionize how local governments handle funds, fostering accountability and simplifying cash flows across the nation.
"Our goal is clear: to promote fiscal discipline and improve service delivery at the county level," explained Treasury Secretary Njuguna Ndung’u. "The single account system is a crucial step towards ensuring money reaches its intended purpose efficiently."
The reform, first announced in July, seeks to centralize county revenues, grants, and other funds into a unified account managed by the national government. Proponents argue that this approach will reduce misappropriation, improve oversight, and enable more accurate tracking of public expenditure.
Local government officials have expressed cautious optimism, emphasizing that the success of this initiative hinges on effective implementation and stakeholder cooperation. Civil society organizations also welcome the move, viewing it as a significant stride toward greater financial transparency.
As the reforms roll out, the Treasury has assured counties of technical support and capacity building to facilitate seamless adaptation. The government’s unwavering stance underscores its dedication to modernizing fiscal policies and promoting responsible governance.
With the July plan firmly in place, Kenya takes a bold step forward in public financial management—aiming for a future where transparency and accountability are at the heart of local governance.
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