Accusé de faire dysfonctionner le GM, l incontournable de Lakwizin : Ken Arian cristallise les critiques lemauricien.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lemauricien.com Daily Mail and Mail on Sunday newspapers.
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THE STANDARD
President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [File]
The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion.
But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might end as it started: with high expenditure needs, decreasing tax revenues and increased borrowing.
Thanks to the Covid-19 pandemic, the Treasury will chalk up more debt, borrowing Sh937.6 billion to plug a budget hole caused by the virus, which has left the economy on its knees.