Varsities face deeper cash crisis on Sh4bn budget cut

The Fountain of Knowledge at University of Nairobi. FILE PHOTO | NMG

Public universities have been dealt a major blow after the Treasury slashed their approved budget by Sh4 billion, piling pressure on the institutions already facing dire financial challenges.

They have been allocated Sh109 billion for the 2021/2022 fiscal year, down from Sh113billion in the current financial year. This is so despite a Sh20 billion request by the institutions of higher learning made in October to keep them afloat amid a drop in the number of self-sponsored students.

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