ICPAK raising concern for massive austerity measures over debts

Business | Thursday 16 Feb 2017 10:18 pm

The yawning public deficit in Kenya’s proposed 2.6 trillion budgets for the fiscal year 2017/2018 is raising concern with members of the institute of public accountants of Kenya calling for massive austerity measures. ICPAK chairman Fernandez Barasa has challenged the treasury cabinet secretary to tame the government’s insatiable appetite to spend or this could lead to a major fiscal burden as Kenya may be forced to tax the working class more to fill the 900 billion shilling gap.