Nairobi, April 5 -- The government paid oil marketing companies Sh27.84 billion in the six months to December 2023 from the stabilisation kitty to cushion consumers from high prices, the Controller of Budget Margaret Nyakang'o has disclosed.

This came after the government ended fuel subsidies in line with commitments made to the International Monetary Fund (IMF), in favour of stabilisation.

"In the first six months of the financial year 2023/24, the total subsidies reported by MDAs (Ministries, Departments and Agencies) amounted to Sh27.84 billion, representing 3.7 percent of the gross recurrent expenditure," Dr Nyakang'o said in a presentation to the National Assembly's Budget and Appropriations Committee (BAC) on budget implementation...