Connect with us

Acting Treasury CS Ukur Yatani

The government will cut unnecessary expenditure, such as trips abroad by officials and advertising by government departments, to rein in a gaping fiscal deficit, the acting finance cabinet secretary has said.

“The cuts will be brutal and will be sustained,” Ukur Yatani told a meeting to plan the government’s budget for the next fiscal year, adding that he expected the deficit to drop to 3.5 per cent of GDP by the 2022/23 fiscal year.
Julius Muia, the principal secretary at the Treasury, also told a budget preparation meeting that economic growth will slow down to 6.0 per cent this year from 6.3 per cent in 2018.

We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.


CS Ukur YataniBudget

Source link