Nairobi, Feb. 27 -- The government has paid Sh3.35 billion in commitment fees on undrawn loans contracted by the Treasury with foreign lenders in the last three years.

The National Assembly's committee on Public Debt and Privatisation now wants accounting officers who fail to utilise loans leading to the charge of commitment fees to be held personally liable for the losses.

The committee said the government incurred Sh1.18 billion in commitment fees in the 2020/21 financial year, Sh1.49 billion in the 2021/22 financial year and Sh680 million in the current financial year.

"The National Treasury should submit an amendment to the PFM Act to provide for appropriate sanctions against the accounting officers whose actions have led to the in...