Rising debt muddles Rotich budget - News Summed Up

Rising debt muddles Rotich budget


National Assembly Clerk Michael Sialai Rotich said the estimates are expected on Tuesday but added that no indication had been given. In 2015 the the public debt stood at Sh1.3 trillion and it is currently well over Sh3 trillion. When Mr Rotich submitted the Budget Policy Statement to Parliament in December last year, parliamentary budget experts warned that if MPs adopt the business-as-usual approach and approve the policy statement as it is, public debt will continue to rise and issues routinely raised by auditors will not be tackled. Unlike in previous Budget Policy Statements, the Treasury also failed to disclose its specific targets to be met in the 2017/18 financial year. MPs, through their various committees, have been able to scrutinise the budget policy statements and made adjustments.


Source: Daily Nation February 13, 2017 14:54 UTC



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