Last budget show Uhuru spending beyond means

Central Bank of Kenya Governor Patrick Njoroge with Treasury CS Ukur Yatani at the Parliament buildings, Nairobi to present his final 2022/23 budget. [Elvis Ogina,Standard]

On Thursday the Cabinet Secretary for Treasury, Ukur Yatani, delivered the Jubilee administration’s last budget. The budget was vintage Jubilee. The revenue projections were too rosy to be achievable.

The planned spending patterns did not match Kenyans’ lived realities (agriculture was largely ignored, as usual). Yet again, CS Yatani pleaded with government agencies to settle pending bills (he will be ignored). And the government maintained its habit of crowding out private sector lending via excessive borrowing.