MPs push for legal reforms to give Controller of Budget powers to track housing levy funds

Members of Parliament have called for amendments to the Public Finance Management Act after revelations that billions of shillings collected from Kenyans through the housing levy remain outside the Controller of Budget's (CoB) oversight due to legal gaps. In a report tabled before the National Assembly, the Constitutional Implementation Oversight Committee said changes to the law would ensure all special funds and levies are placed under the oversight of the CoB to strengthen accountability in the management of public resources. The committee said the absence of independent oversight over the housing levy limits transparency and creates gaps in the monitoring of billions of shillings collected every year from workers and employers.