Treasury Cabinet Secretary Njuguna Ndung’u announced a raft of sharp expenditure cuts, a freeze on employment and new tax measures in a budget that mirrored recent demands by the International Monetary Fund (IMF) for deep public sector reforms.
Prof Ndung’u, in his 2024 budget statement presented to Parliament on Thursday, outlined plans to audit and cleanse public payrolls, pension and cash transfers to the vulnerable, where it’s suspected that massive leakage of public funds is being perpetrated through corrupt schemes.
