Treasury Cabinet Secretary Henry Rotich will today present the National Budget for financial year 2017/2018. It being an election year, the 2017 Budget Statement will be read nearly two months early. Parliament will dissolved in June, 60 days to the August 8 election date.
Budgets not only point out how the government aims to raise money, they outline how the government intends to use the money raised for the benefit of the taxpayer. Of the Sh2.3 trillion 2016/2017 budget, Sh600 million was raised through domestic and external borrowing, most of it was raised through taxation.