Repeat presidential election to derail Treasury spending cut plan, warns report

Raila Odinga casts his vote during the August 8 polls at Kibera primary school (Photo: Courtesy)

The Government will not be able to cut spending as earlier projected by the National Treasury in the budget after all.

According to a new report by Bloomberg Intelligence, next month’s repeat presidential election is bound to put the fiscal consolidation needed to stabilise the country’s public debt at risk.