Ruto fails to cut spending in first supplementary budget

President William Ruto’s administration has failed to cut the annual government spending in its first mini-budget due to multi-billion shilling expenditure in his predecessor’s last days, continued expenses on subsidies and the launch of the hustler Fund.

The Treasury has informed the International Monetary Fund (IMF) it was left with little room to cut State spending after it inherited undisbursed expenditures of Sh89 billion from the last financial year and Sh61 billion spending that occurred outside the budget during the last days of former President Uhuru Kenya.