×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

State raises only Sh1.4 trillion to finance ambitious budget

Vocalize Pre-Player Loader

Audio By Vocalize

President William Ruto is hosting Cabinet Secretaries and Kenya Kwanza MPs to a National Executive Retreat in Naivasha, Nakuru County. [PCS]

The national government spent a quarter of its total annual development budget to finance projects during the first six months of the current financial year.

This even as the State failed to raise half of the Sh4.3 trillion needed to finance the budget that it should have, only managing Sh1.4 trillion, a figure that translates to 33.7 per cent of the gross estimate.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
Borrow smart or not at all
Enterprise
Consumption outpacing recycling of waste, data shows
Enterprise
Del Monte's growing footprint in kenya's farm economy
Opinion
Why AI and biometrics will be key to stopping fraud in digital economy