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President Ruto Budget set to rise by Sh162bn on spending carryover
Cabinet Secretary for National Treasury and Economic Planning Prof Njuguna Ndung'u before the Committee on County Public Investments and Special Funds at KICC, Nairobi on April 24, 2023. PHOTO | DENNIS ONSONGO | NMG
President William Ruto’s inaugural 2023/24 budget is set to rise by Sh162 billion or 4.3 percent to Sh3.9 trillion from the Sh3.7 trillion expenditure plan earlier approved in June.
The budget bust is partly attributed to carryover spending from the concluded 2022/23 fiscal cycle and a host of regular expenditures that go into the day-to-day running of both the counties and the national governments.
