[File]The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion. However, the size of the economy will have doubled over this period from Sh5.6 trillion in June 2015 to Sh13 trillion in July next year. GDP per person has nearly doubled over this period,” noted the Treasury Draft Budget Policy Statement (BPS) for the financial year ending June 2022. Yatani’s draft Budget statement released yesterday for public participation indicates that additional expenditure requests for the current financial budget are at unprecedented levels, which necessitated a review of the Government’s spending plan. Out of these funds, Sh201 billion will go to infrastructure, Sh67 billion for transport development and Sh13 billion to housing and urban development.

Source: Standard Digital January 26, 2021 06:00 UTC