First time in 25 years Treasury releases annual funds for all approved payments

Saturday, 30 December 2023 01:48 - - {{hitsCtrl.values.hits}}

The Ministry of Finance yesterday announced that, in accordance with the 2023 Budget provisions approved by Parliament, the Treasury has disbursed the required funds for all invoices certified by government agencies until 15 December 2023.

“This marks a unique occurrence, as 2023 stands out as the only year in the past 25 years where all approved payments have been settled within the financial year,” a statement issued by the President’s Media said.

It said the Treasury has ensured the proper disbursement of funds for the retirement gratuities of officers who have retired from December 2022, up to 19 December 2023. This includes the settlement of arrears for retirement gratuities that should have been paid over a span exceeding 18 months leading up to the mentioned date.