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Economy

Cabinet cuts IEBC repeat election budget to Sh10bn

A Cabinet meeting at State House, Nairobi. FILE PHOTO | NMG
A Cabinet meeting at State House, Nairobi. FILE PHOTO | NMG 

The Cabinet has cut the Independent Electoral and Boundaries Commission’s (IEBC) budget for the repeat presidential election to Sh10 billion amid lower tax collection.

The IEBC managers had sought Sh12.2 billion to finance the October 26 — previously October 17 — polls, whose cost the Treasury had estimated at Sh15 billion when factoring other expenses like security.

But a brief from State House on Thursday said the Cabinet had settled on a lower figure through a supplementary budget.

“This allocation was based on a proposed budget submitted by the electoral agency, IEBC,” a statement from State House said.

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