Rotich's headache in plugging Sh640 billion deficit in next year's budget

National Treasury CS Henry Rotich has set sights on taxation measures as well as borrowing to finance Sh2.1 trillion 2015/16 Budget [PHOTO: BONIFACE OKENDO]

Kenyans are staring at heavy taxation in the next financial year as the National Treasury moved to increase budgetary allocation to fight insecurity. The exchequer will also have to borrow heavily from domestic and foreign money markets.

According to 2015/16 Budget estimates released on Thursday, the Treasury plans to raise spending by 25 per cent to Sh2.17 trillion in the financial year starting July, with the bulk going to energy, infrastructure and telecommunications.