Fuel, fertiliser subsidy, polls security costs blow Sh64 billion budget hole

The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG

Fuel prices and fertiliser subsidy as well as security-related expenditure in the wake of the August 8 polls have forced the Treasury to spend an additional Sh64 billion of taxpayers’ cash in the budget for the financial year ending June.

The Treasury has tabled second supplementary budget estimates indicating the State will spend an additional Sh37.8 billion to stabilise fuel prices to June 30.

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