President Ruto cuts subsidies to zero on IMF conditions

William Ruto

President William Ruto.

Photo credit: Joseph Kanyi | Nation Media Group

The government cut subsidy spending to zero in the first quarter to September as President William Ruto implemented conditions by the International Monetary Fund (IMF) to end the support plans.

The State had budgeted to spend Sh24.87 billion on subsidies, mainly fertiliser, in the 2023/24 financial year, but the spending did not materialise between July and September.

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