Through its pre-budget analysis ahead of the national budget statement set for next month, the firm noted that despite the budget rising over the years, there has been sharp drop in absorption of development budget. PwC Partner Benson Okundi said, “There has been a delay in budget absorption. He added that if most of the borrowing is used in funding recurrent expenditure, development will slow and eventually pose repayment crisis. Updated Thu, May 12th 2016 at 00:00 GMT +3Advisory and audit firm PricewaterhouseCoopers (PwC) is calling for increased absorption of the expanded budget for the public to benefit. Okundi observed that even though in 2016-17 budget estimate, development and recurrent expenditure have been estimated at almost similar levels, implementation record has not been good.

Source: Standard Digital May 11, 2016 15:52 UTC