The government needs Sh150 billion to cushion vulnerable persons and sectors from the health and economic effects of Covid-19, the Parliamentary Budget Office has said. Critical sectors and business that were not properly captured in the President’s measures include tourism, airlines, flower farms and hotels. It proposed that the government either explores other sources of financing or borrows an additional Sh150 billion to support them. The PBO is an independent office that provides MPs with professional advice on the budget, finance and the economy. The sectors include hotels, restaurants and entertainment facilities, professional and support services, transport and storage, the flower industry and affected Small Medium Enterprises (SMEs) in various sectors.

Source: The Star April 07, 2020 20:03 UTC