How unspent billions are holding back Kenyan’s real growth

Only 15.8 per cent of the development budget was spent in the first half of the current fiscal year.

NAIROBI, KENYA: Despite spelling out an ambitious Budget, it has emerged that the biggest undoing for the Government is the high number of stalled projects pushed to the next financial year. The Jubilee administration promised big. A million jobs, more electricity, free Standard One laptops, ramp-up infrastructure projects, improved security and several initiatives to ease the cost of living.

But talk and delivering on the promises are two different ball games altogether. Instead of creating jobs, the Government is carrying out a rationalisation programme that could see thousands of civil servants retrenched to contain the spiralling wage bill.