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Tough balancing act as Sh3tr Budget to secure Uhuru legacy

THE STANDARD
President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [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.
But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might end as it started: with high expenditure needs, decreasing tax revenues and increased borrowing.
Thanks to the Covid-19 pandemic, the Treasury will chalk up more debt, borrowing Sh937.6 billion to plug a budget hole caused by the virus, which has left the economy on its knees. ....

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Tough balance as Sh3tr Budget bids to secure Uhuru legacy

THE STANDARD
President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [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.
But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might end as it started: with high expenditure needs, decreasing tax revenues and increased borrowing.
Thanks to the Covid-19 pandemic, the Treasury will chalk up more debt, borrowing Sh937.6 billion to plug a budget hole caused by the virus, which has left the economy on its knees. ....

Nairobi Area , Kazi Mtaani , Uhuru Kenyatta , Ukur Yatani , Jomo Kenyatta International Airport , Stimulus Programme , National Treasury Cabinet , Kenya Revenue Authority , Law Office , National Treasury , African Delivery Exchange Conference , Mombasa International Airport , National Law Reform Commission , President Uhuru Kenyatta , State House , African Delivery Exchange , Jubilee Government , Treasury Draft Budget Policy Statement , Big Four Agenda , Recovery Strategy , National Treasury Cabinet Secretary Ukur Yatani , State Law Office , Draft Budget Policy Statement , Big Four , Ministerial Appropriation , Ministerialai A ,