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Ruto expands budget by 7pc to Sh3.64trn
President William Ruto addresses government officials at the Inaugural Retreat for Cabinet and Senior Ranks of the Executive on January 7, 2023. PHOTO | JOSEPH KANYI | NMG
President William Ruto’s administration plans to cut borrowing and raid taxpayers for more money to fund Sh3.64 trillion budget that promises to increase development spending by a third.
The draft budget policy statement for 2023, which promises to deliver economic recovery and inclusive growth, shows that Kenya Kwanza’s maiden budget for the financial year starting July 1 will increase by Sh251 billion from the current Sh3.39 trillion.
