Austerity fails to contain public spending pressure

The National Treasury building in Nairobi. FILE PHOTO | NMG

Despite freezing new development projects, instituting budget cuts and a freeze on hiring, the National Treasury was unable to tame State expenditure.

Budget Review Outlook Paper published by the Treasury shows it only managed to save Sh149 billion by mostly cutting on pension, operations and maintenance.

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Note: The results are not exact but very close to the actual.