KQ bailout, fuel subsidy burst State’s budget

Kenya Airways’ #ticker:KQ bailout, petrol subsidy and payments for Covid-19 vaccines topped the list of unforeseen expenditures that will see taxpayers spend Sh108 billion more in the budget for financial year ending June.

The Treasury’s supplementary budget estimates presented to Parliament on Tuesday indicate fresh allocations of Sh26.5 billion to the national carrier and other undisclosed expenditures, Sh24.9 billion to fuel subsidy, Sh9.1 billion to prepare for the August General Election and Sh8.5 billion to Covid-19 vaccines.