President Ruto's first budget signals deep pain for taxpayers

GRAPHIC | STANSLAUS MANTHI | NMG

The government's spending plan for the year ending June 2024 has been increased by Sh215.02 billion, pointing to more tax pain for households and businesses. 

The budget summary shows the new administration of President William Ruto has set the total expenditure for the financial year 2023/2024 at Sh3.599 trillion, comprising Sh2.477 trillion for recurrent and Sh689.1 billion for development. 

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