Experts warn of tough times unless Treasury changes tack

Treasury Cabinet Secretary Njuguna Ndung'u. [Edward Kiplimo, Standard]

Budget experts in Parliament want the new administration to invest hugely in agriculture and small businesses to revamp the battered economy and lift incomes.

The Parliamentary Budget Office in a new report has given a dire assessment of the economy and now warns that economic managers at Treasury must overhaul their economic model or brutal phenomena like the raging drought and mounting economic uncertainty will deal a blow to government efforts to turn around the financial sector.