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State firms unpaid pension, PAYE hit Sh72 bn

Kenyan currency

The unremitted dues rose 17 per cent from Sh188.39 billion in June last year.

Photo credit: File | Nation Media Group

What you need to know:

  • Several State corporations have fallen on tough times amid huge losses.
  • Some 22 State-owned agencies posted losses of at least Sh1 billion each.

State entities have failed to remit a combined Sh72.96 billion in pension and pay-as-you-earn (PAYE) deductions amid a cash-flow crunch.

The revelations by the Parliamentary Budget Office (PBO) show that unremitted pension dues stood at Sh47.6 billion while PAYE was Sh25.3 billion as at the end of last month.