National Treasury CS Prof. Njuguna Ndung’u has revealed its intention to cut government spending’s by Ksh.300billion.
In a press release, the CS said the budget will be sustained until the end of the finacial year.
“This is a reflection of resource management that will add value and promote sustainability under the bottom-up Economic Transformation agenda(BETA)Ndung’u said.
Prof. Njuguna dismissed media reports that the budget cut goals have not been met, saying that the economy is facing emergencies and pressing issues such as persistent drought and financing JSS education.
In his first address to the parliament, the president ordered the treasury to cut Ksh.300 billion from the 2022/23 budget to relieve Kenya’s spending and borrowing pressure.
President Ruto said, the market cannot sustain the kind of borrowing the government is doing , hence the need to cut the government’s spending’s.