Debt Recording and Settlement Department

Debt Recording and Settlement Department

The department is divided into two (2) divisions and its main functions include:

• Maintaining a reliable debt data base for all loans taken by the national government, county governments and their entities including other loans guaranteed by the national government;
• Process and settle debt service and disbursement of loans and grants;
• Prepare, reconcile and maintain financial statements on debt and grants related transactions and submit to the Accounting Officer responsible for finance;
• Maintain public debt registry;
• Maintain a comprehensive and reliable debt database for public debt and grants; and
• Monitor and report disbursement of loans and grants.