Development spending falls 42pc

Njuguna Ndung'u

Cabinet Secretary for National Treasury and Economic Planning Prof Njuguna Ndung'u.  

Photo credit: File | Nation Media Group

Government expenditure on development projects dropped 42 percent in the half-year ended last month, even as tax collections crossed the Sh1 trillion mark for the first time.

The Treasury data shows that the State spent a meagre Sh70.4 billion on projects compared to Sh121.7 billion splashed in the same period of 2022.

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