Despite earlier directing the Treasury to cut Kenya’s total spending for the current financial year by Sh346 billion, President William Ruto on Sunday claimed borrowing by the State would increase by Sh1 trillion following the withdrawal of the Finance Bill 2024.
“We have dropped the Finance Bill. What does that mean? It means we have gone back almost two years. It means that this year, we are going to borrow Sh1 trillion to be able to run our government,” said Dr Ruto.
