Treasury proposes Sh78 billion budget cuts

Cabinet Secretary, National Treasury & Economic Planning, Njuguna Ndung'u.  

Photo credit: File | Dennis Onsongo | Nation Media Group

The National Treasury has proposed Sh78.6 billion in budget cuts for the fiscal year ending June 30, as part of the exchequer’s efforts to rationalise spending.

The proposal contained in new budget documents from the exchequer is set to bring down the overall budget for the 2023/24 fiscal year by 1.9 percent to Sh3.902 trillion from Sh3.981 trillion approved in the first supplementary budget.

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