Broke Treasury opts for Sh80 billion budget cuts

National Treasury CS Henry Rotich and his PS Dr.Kamau Thugge during their meeting with Senate Assembly Finance and Budget Committee on the proposed amendment on County allocation of revenue at County hall, Nairobi on March 7, 2018. [Photo by Boniface Okendo/Standard]

With revenues shrinking and the Government running out of room to borrow more to fund an expensive budget, Kenya is now instituting tough austerity measures.

Treasury Cabinet Secretary Henry Rotich said yesterday senators needed to reduce county budgets by up to Sh18 billion as he prepares a second supplementary budget targeting national budget cuts of up to Sh60 billion.