Treasury’s headache in plugging Kenya’s Sh569 billion hole in Budget

NAIROBI: Kenyans are staring at heavy taxation in this financial year as the National Treasury moves to increase budgetary allocation to fight insecurity, finance a widening deficit and revive the sluggish agriculture and manufacturing sectors.

It is only in this year’s budget proposals that Cabinet Secretary for National Treasury Henry Rotich can afford to be radical in his measures. The year 2017 is an election year and Mr Rotich would have to be less drastic in order to avoid political ramifications that could hurt the Jubilee Administration.