Treasury's Sh57b budget shocks House team

The National Assembly’s Budget and Appropriations Committee is alarmed by the colossal Sh57.1 billion request by Treasury for additional funding in the current 2014/2015 financial year.

This came as MPs approved the money but warned that revenues to be raised by the Kenya Revenue Authority could not meet the additional expenditure. It’s the strongest indication the government will either cut down on some projects or move into incurring more debt by borrowing both internally and externally to fill the gap with only three months left in the financial year.