Treasury talks tough on fiscal consolidation

Acting Treasury CS Ukur Yatani during vetting by the National Assembly Committee on Appointment at County Hall, Nairobi. [Boniface Okendo/Standard]

The National Treasury has warned government ministries and county officials to brace for new austerity measures in a bid to cut over Sh700 billion in the fiscal deficit.

Acting Cabinet Secretary Ukur Yatani said yesterday Treasury would soon announce “brutal” spending cuts that must be adhered to by public institutions at both levels of government.