By DAVID MWERE More by this AuthorWith battered businesses and reduced incomes because of the Covid-19 crisis, there were mixed reactions from MPs and budget experts on Thursday on how the government will finance the Sh2.79 trillion budget for the 2020/21 financial year. Minority Leader John Mbadi believes that it may not take long before the government comes back to the House with a supplementary budget. Mr Duale noted that the Sh53.7 billion allocated for the 8-Point Economic Stimulus Programme was a good start in rejuvenating the battered economy. With the contraction of government revenue, he said, Treasury will be looking to finance a budget funding gap of Sh823.2 billion through domestic and external borrowing. Kitui Central MP Makali Mulu praised the budget, saying the proposals highlighted by the Treasury CS are pro-mwananchi.

Source: Daily Nation June 12, 2020 04:00 UTC