Rotich defends 2018 budget, the highest in Kenya’s history
2 months ago, 14 June 16:43
, NAIROBI, Kenya, Jun 14 – Treasury Cabinet Secretary Henry Rotich has defended the rise in yearly budgetary allocations since the Jubilee Government took over.
Rotich says the economy has, for instance, grown by an average of 5.6 per cent per year for the last five years, outperforming the average growth rates of previous five years from 2008 to 2012.
“As a country, we have come a long way. There were numerous obstacles that we found along the way. We had a huge infrastructure gaps, our capacity of producing energy were very limited, we needed to modernize the education system and the healthcare system was overstretched,” Rotich said while addressing Parliament in Kenya’s capital.
The Cabinet Secretary is expected to reveal how the country will finance a record Sh3 trillion budget, the biggest in Kenya’s history.
“We are now relishing the benefits of an expanded economy that is more competitive, not only in the region but also in the continent,” he said.
He adds that the 2018-2019 budget will focus on creating jobs for the youth by enabling key enablers, adding that the government has aligned resources to meet the Big four agenda of affordable housing, universal health care, food security and manufacturing.
Category: business finance