Kenya in new austerity plan as KRA fails to meet targets

Treasury Cabinet Secretary Henry Rotich (right) and Regional Director for African Development Bank (AfDB) Gabriel Negatu during the signing of a financing agreement for small-scale irrigation and value addition project. [PHOTO: JENNIFER WACHIE/STANDARD]

NAIROBI: Treasury has warned that ministries and agencies that have not utilised their budgets might have their amounts reallocated. Treasury Cabinet Secretary Henry Rotich said the supplementary budget to be presented next week when Parliament resumes will aim at cutting expenditure and reallocating what would not have been used.

“The supplementary budget will be a cut in net terms. If a project has not started at this time, seven months into the year, then it is highly unlikely that this money will be fully absorbed in the next five or so months,” Rotich said. He, however, did not name any projects that the Government will be looking at.