To plug the budget deficit, the Treasury says it will, once again, be seeking to pile up more debts. Treasury has however revised the deficit figures for the current financial year, increasing it from Sh559 billion to Sh608 billion. Counties have been allocated Sh371 billion, a drop from the Sh376.5 billion allocated in the 2018/19 financial year, which has now been revised downwards to Sh367.4 billion through the supplementary budget. From the Sh68.9 billion allocated to the energy sector, Sh8.6 billion will go towards geothermal development, while power transmission will receive Sh54.3 billion. From the Sh202 billion allocated to the education sector, Treasury plans to spend Sh59.4 billion on free day secondary education, including NHIF for students.

Source: Daily Nation May 01, 2019 03:56 UTC