@CapitalFMNews

Rotich defends 2018 budget, the highest in Kenya’s history

3 days ago, 16:43

By: Margaret Njugunah

, 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.


Read More


Category: business finance

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@CapitalFMNews

Rotich defends 2018 budget, the highest in Kenya’s history

3 days ago, 16:43

By: Margaret Njugunah

, 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.


Read More

Category: business finance

Suggested

1 hours ago, 10:40
@BusinessDaily - By: Victor Juma
Old Mutual swaps Sh2.6bn loan into UAP stake

Deal set to dilute existing shareholders, but will raise Old Mutual’s stake in UAP to 63.2 per cent ...

Category: business lifestyle news opinion economy
2 hours ago, 10:29
@DailyNation - By: Annie Njanja
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Java House will continue to “power ahead with its expansion plans” despite the provisional liquidation of the parent firm ...

Category: business news
2 hours ago, 10:32
@CITIZENTV - By: Simon Ngure
Kenya Power warns of rising cases of illegal power connections

Kenya Power warns of rising cases of illegal power connections ...

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1 hours ago, 10:46
@BusinessDaily - By: Charles Mwaniki
Liquid market piles pressure on shilling as dollar soars

Unit depreciated by 25 cents to the greenback last week ...

Category: business economy news
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@BusinessDaily - By: Charles Mwaniki
Treasury turns sights on sacco deals

Rotich wants Saccos to report all customer cash transactions valued at Sh1 million or more to sector regulator Sasra ...

Category: business news
1 hour ago
@CapitalFMNews - By: Pscu
50 Zambian students to join Utalii College following Uhuru – Lungu talks

NAIROBI, 18 Jun – 50 Zambian students will join Kenya Utalii College as part of enhancing bilateral ties between Kenya and Zambia. The training is schedule Kenya breaking news | Kenya news today | ...

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