×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Experts warn of economic slump over Ruto's freeze on new projects

Members of the parliamentary committee on finance visit the stalled Data Recovery Center (DRC) in Naivasha. [Antony Gitonga, Standard]

Economists have raised a red flag after it emerged that the Kenya Kwanza government has imposed a freeze on all new capital spending commitments.

The government has also issued fresh austerity measures, which top National Treasury officials describe as necessary, as the administration struggles to find a way out of a deepening revenue crisis.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in