PREMIUM High Court declines to suspend Sh5 trillion Infrastructure Fund National Treasury to report all deposits, withdrawals and allocations. News Just now

" The petition also questions whether the fund complies with constitutional provisions on the distribution of functions between national and county governments, management of public finances, the Controller of Budget's oversight role and Parliament's constitutional responsibilities."A national public fund cannot be established under any other statutory regime, including as a limited liability company under the Companies Act," says the petitioners in their court filings.

They further contend that "Parliament must approve the establishment of a national public fund as well as ongoing oversight of the operations of such a fund.