The 2015/16 budget targeted revenue collection that included appropriation-in-aid-ministries’ own revenue of Sh1.358 trillion compared to Sh1.1646 trillion. With the huge deficit in the Sh2.3 trillion budget this year, there is fear that the Government is likely to revert to borrowing heavily to bridge the deficit. An analysis of his budget shows that the Cabinet secretary did not bring forward some items from previous years (budgets) and the current budget, which are very crucial in the proposed 2016/2017 budget. On Wednesday last week, Treasury Cabinet Secretary Henry Rotich read the financial year 2016/2017 budget. One area that was very clear in his budget was the increase in kerosene prices as a result of an increase in duty.

Source: Standard Digital June 15, 2016 11:19 UTC