MPs endorse over Sh37billion budget cuts to address shortfall

Members of the National Assembly watch the proceedings on tv outside the chamber during the Special sitting to discuss the Financial bill on VAT on the petroleum products.[Boniface Okendo,Standard]

The National Assembly yesterday approved budget cuts worth Sh37.6 billion from the Executive, Parliament and the counties to bridge the current deficit.

With a shortfall of more than Sh500 billion, the Government expects to further bridge the deficit through external borrowing to finance its Sh3 trillion budget.