All eyes are on the National Treasury, as it puts the final touches on the 2021/22 financial year’s budget to be presented to the nation on Thursday. The budget is set higher at Sh3 trillion up from the current financial year’s 2.8 trillion. In the Budget Policy Statement released in February, Yatani had indicated a recurrent expenditure of Sh1.975 trillion (15.8 per cent of GDP) up from Sh1.776 trillion. KRA is expected to collect Sh1.8 trillion up from Sh1.6 trillion in the current financial year ending June 30. Expenses on environment protection, water and natural resources has been cut to Sh102.8 billion from Sh105.2 billion.

Source: The Star June 08, 2021 06:32 UTC