MPs accuse Treasury of unrealistic budget - News Summed Up

MPs accuse Treasury of unrealistic budget


Minority leader in the National Assembly John Mbadi said the Treasury had a bigger responsibility of ensuring that borrowed money is put on projects that ensure economic growth. Speaking during the National Assembly leadership training in Mombasa, Mr Ichung'wa said Treasury keeps on coming up with strategies of revenue projections which are never met. By SAMWEL OWINOMore by this AuthorMPs have accused the National Treasury and the Kenya Revenue Authority of coming up with unrealistic revenue projections which has led to huge budget deficits. "We have never been realistic in our revenue projections. "The budget office within the Ministry of Treasury is not strong enough as it should stop the government's appetite from borrowing," the lawmaker said.


Source: Daily Nation April 28, 2019 18:00 UTC



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