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State raises only Sh1.4 trillion to finance ambitious budget

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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.

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