The budgets of parastatals earmarked for mergers and dissolutions in July have been slashed by more than 40 percent on average, surpassing President William Ruto’s goal of 30 percent.
The Treasury projects to save more than Sh2.3 billion from proposed mergers of about 35 State corporations in the first phase of restructuring through cuts on the budget for administration and maintenance of offices as well as the remuneration of staff.
