Kenya’s Minister of Finance, Uhuru Kenyatta, is due to read the budget for the next fiscal year in parliament on Thursday afternoon. Mr. Kenyatta is expected to unveil a KShs.867 billion (US $11.1b) budget. The biggest chunk of the money – a staggering Shs.607b – will go to recurrent expenditures with only 258b going to development expenditure. The latter is a marked improvement from last year when only 141b went to development projects.
More details to follow tomorrow…..