Development hard hit as State reduces spending by Sh122b

Budget briefcase during the reading of the Budget Highlights on June 13, 2024. [Boniface Okendo, Standard]

Many infrastructure projects that the government had embarked on and expected to continue over the current financial year are likely to stall following a major reduction in development spending for the next 12 months.

The National Treasury in the supplementary budget for the 2024/25 financial year has proposed a reduction of Sh122 billion on development expenditure.