The Controller of Budget has warned of a debt crisis if the National Treasury continues to borrow to meet budget deficits. Next year’s budget deficit is projected to be about Sh1 trillion, opening a Sh317 billion budget hole. Apart from the debt, COB reprimanded the National Treasury over development allocations short of the required 30 per cent share of Sh2.9 trillion budget. The Sports department followed at Sh56.3 million; National Assembly (Sh19.8 million); Judiciary (Sh19.5 million); Judicial Service Commission (Sh18.54 million) and EACC (Sh12.6 million). The budget boss has also decried slow disbursements by the National Treasury saying the situation is affecting budget implementation.

Source: The Star January 11, 2021 20:03 UTC