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Treasury blames ministries for poor funds absorption

Treasury Cabinet Secretary Henry Rotich. [PHOTO: BEVERLYNE MUSILI/STANDARD]

Treasury Cabinet Secretary Henry Rotich has blamed the low absorption rate of development funds on unrealistic demands for money by ministries during budget-making.

Mr Rotich said that many ministries are usually optimistic that they will wholly absorb the funds when the budget is being made, and make demands that they are ultimately unable to fulfill.

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