Uhuru Kenyatta’s Sh32bn last budget discrepancy

President Uhuru Kenyatta’s last budget in office had a Sh32 billion ‘budget discrepancy’, the first negative inconsistency in more than seven years.

The latest Quarterly Economic and Budgetary Review covering the financial year ending June 30, 2022 shows that Kenya received revenues and grants amounting to Sh2.2 trillion against expenditure and net lending of Sh3.02 trillion. This created a budget deficit of Sh780.4 billion. But when doing the books, the National Treasury ended up with a negative Sh32 billion budget discrepancy, which it has attributed to missing information after budget expenditures and revenues failed to balance.