Numbers don't add up: Treasury understates deficit

National Treasury and Planning CS Henry Rotich exchanging Documents with Ministry of Trade and Industry, Singapore, Dr. Koh Poh koon (left). [John Muchucha/Standard]

Treasury has used an ‘accounting trick’ to make Kenya’s budget smaller than it actually is and help cover a Sh500 billion shortfall.

The Institute of Economic Affairs (IEA), a public policy think tank, says Treasury is not being honest on the actual size of Kenya’s budget.