President Uhuru Kenyatta’s legacy projects are facing serious financing problems after a serious cash crunch hit the government – with less than 20 months to the end of his tenure. The Star has established that the government faces a cash-flow crisis that has pushed the Jubilee administration to drastically reduce funding the projects to free up cash for salaries and other expenses. A new report by Controller of Budget Margaret Nyakango on exchequer releases by the National Treasury reveals that development projects have been hit hard as the financial crisis ravages the government. The report shows that the National Treasury has released only Sh140.57 billion to MDAs (Ministries, Departments and Agencies) for development against an annual allocation of Sh387.92 billion as of Monday this week. This translates to about 36 per cent of the total allocation.

Source: The Star January 12, 2021 17:59 UTC