×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - 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
By Edwin Mutisya 54 mins ago
Opinion
Why AI and biometrics will be key to stopping fraud in digital economy
Opinion
Why Kenya's public service must rethink power, accountability and the human workplace
Work Life
Why formal jobs remain out of reach for Africa's youth
Business
Roads dominate development budget in Treasury estimates