Participants following proceedings during the 20th SACCA Congress held at Pride Inn Paradise Hotel in Mombasa county

Saccos to get Sh2.26bn remittance from State agencies

By Our Reporter

The National Treasury Cabinet Secretary Ukur Yatani has directed all government parastatals to remit billions of shillings in statutory deductions within the next four months.

Unremitted Sacco deductions stand at Sh 2.261 billion according to the treasury data.

He warned state corporations chief executives who will not comply with the directive. Many Saccos have been having liquidity issues owing to unremitted money from the state entities, which do not priorities budget allocation for statutory obligations like Sacco deductions, Pay as You Earn, NHIF and NSSF.

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