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Government to Cut Spending’s By Ksh.300B Prof. Njuguna Ndung’u Reveals

Post by : Hillary Musyoki

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.

Photo// National Treasury. Photo Courtesy

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.

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