President Ruto’s Ksh.3.6 trillion budget reading by CS Ndungu [LIVE]

June 15, 2023

Less than a minute

President Ruto’s Ksh.3.6 trillion budget reading by CS Ndungu [LIVE] — Treasury CS Njuguna Ndungu and President William Ruto

The National Treasury has proposed a Ksh.3.6 trillion for the Financial Year 2023/2024 with a Ksh.700 billion deficit to be financed through borrowing.

In the next fiscal year starting July 1, 2023, the first-of-a-kind budget under the Kenya Kwanza administration will mark an increase of Ksh.251 billion from the FY 2022/23 budget which stood at Ksh.3.39 trillion.

Treasury Cabinet Secretary Njuguna Ndungu expects to fund the budget through various tax proposals in Finance Bill, 2023 which have been termed punitive by the opposition wing led by Azimio La Umoja One Kenya coalition leader Raila Odinga.

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.