Government to cut budget to KESdget 2.9 trillion
The government has proposed to slash its Sh3.026 trillion budget for the current financial year by Sh55 billion, a move that will affect key sectors of the economy.
The reduction is contained in the supplementary budget estimates prepared by National Treasury Cabinet Secretary Henry Rotich and tabled during a special sitting of the National Assembly on Tuesday.
If adopted by the MPs on Thursday – during a second special sitting, the budget will reduce to Sh2.971 trillion as the government fights to bridge a huge deficit because it is only able to raise about Sh1.6 trillion.
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