Saccos regulator is pushing for direct deduction of Treasury’s allocation to counties, public universities and other State-linked entities to settle over Sh2.24 billion they withheld from their employees but failed to remit to the thrift institutions.
Sacco Societies Regulatory Authority (Sasra) says it is considering a framework that, if implemented, will see such exchequer-funded entities including ministries lose part of their budget cash to compulsorily settle their obligations to saccos.
