The National Treasury Cabinet Secretary, Henry Rotich, has slashed the KSh 3.026 trillion national budget for the 2018-2019 financial year by KSh 55 billion, a decision that would affect budget allocations to several key government ministries.
Rotich revised the national budget to KSh 2.971 trillion by cutting allocations to various sectors in attempt to address the crippling fiscal deficit while at the same time trying to raise funds for President Uhuru Kenyatta’s Big Four agenda. Read more
More from Business
World’s 26 richest own same as poorest half of humanity: Oxfam
The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments …
HF Group replaces CEO Frank Ireri after 13 years
Outgoing HF Group CEO Frank Ireri Mortgage lender Housing Finance has scooped former NIC Bank Director for Retail Banking Robert Kibaara …
Kenya struggles to give life to futuristic ‘Silicon Savannah’ city
An engineer at Konza Techno City, Makueni County during a past tour of the roads and basic infrastructure. PHOTO | …
