Development project funding as a share of the State’s total expenditure has dropped to a single digit for the first time in more than a decade, data shows, reflecting the impact of the rising cost of servicing debts.
Official data by the National Treasury shows that State ministries, departments, and agencies (MDAs) spent Sh315.06 billion on development projects, excluding the portion from donors, against a total expenditure of Sh3.44 trillion for the year ended June 2024.
