Let’s explore use of tax credits to tackle the pending bills crisis

John Mbadi

Treasury Cabinet Secretary John Mbadi.

Photo credit: File | Nation

The most common concern for local firms doing business with state agencies is pending bills. Because of the vast quantities owned by the government, some businesses have closed and others have gone bankrupt.

According to the Controller of Budget (CoB), the government owed different enterprises Sh722 billion as of September 2024, with the national government owing Sh538.26 billion and the counties owing a total of Sh194 billion.

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Note: The results are not exact but very close to the actual.