Editor's Review President William Ruto on Thursday morning, June 13, chaired a Cabinet meeting at State House, Nairobi, ahead of the 2024/25 budget reading in Parliament. President William Ruto on Thursday morning, June 13, chaired a Cabinet meeting at State House, Nairobi, ahead of the 2024/25 budget reading in Parliament. According to a Cabinet despatch, the proposed 2024/25 budget seeks to reduce government borrowing to fund the budget. "In line with the administration's fiscal consolidation strategy, which seeks to reduce government borrowing, and in pursuit of the aspiration to achieve a balanced budget by 2027, the proposed budget consolidates these efforts by reducing the budget deficit by nearly 50%," read part of the Cabinet despatch. President William Ruto chairing a Cabinet meeting.
