The Public Service Commission(PSC) has appointed Raphael Owino as the new Director General of Public Debt Management at the National Treasury, succeeding Haron Sirima, who left the position in January 2024.
Raphael Owino brings extensive experience from his previous role at the Central Bank of Kenya(CBK). His expertise in public debt management, particularly in achieving and maintaining sustainable public debt, reducing long-term debt servicing costs, and managing the risk of contingent liabilities, is expected to be a significant asset to the National Treasury.
The National Treasury expressed confidence in Owino’s capabilities, stating, “We are pleased to welcome Raphael Owino to our esteemed team.
His extensive background and deep understanding of public debt management will enhance our efforts to maintain economic stability and promote fiscal responsibility.”
At the same time, the National Treasury extended its appreciation to Haron Sirima for his invaluable contributions during his tenure. Dr. Sirima’s dedication and leadership have been instrumental in advancing the organization’s goals and ensuring effective public debt management.
The Treasury stated, “We wish Haron Sirima all the best in his future endeavors. His commitment and strategic vision have been vital to our progress, and his legacy will undoubtedly continue to influence our work.”
The National Treasury is the responsible for establishing and managing national economic, fiscal and budget policy, mobilizing budgetary requirements for both levels of government and establishing, and ensuring an efficient financial management system.
It oversees the budget preparation of the National Government and receives quarterly national budget implementation reports. The National Treasury issues circulars guiding budget process and financial management for county and national government.