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Ruto moves to avert government collapse, unveils austerity budget

President William Ruto signs the Appropriations Bill into law at State House, Nairobi. [PCS]

President William Ruto on Friday moved to avert a financial crisis for his administration as he assented to the Appropriations Bill but directed the National Treasury to draft a supplementary budget to cover the revenue shortfalls brought by the rejected Finance Bill 2024.

As the legal budget deadline looms, the president maintained that his government will slash planned expenditures as outlined in the Finance Bill by Sh346 billion.

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