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Rotich’s balancing act to finance Ksh3.07tr budget - 10 months ago, 14 June 08:05

Citizen Reporter

It’s D day for Treasury cabinet Secretary Henry Rotich as he presents the country’s Sh3.07 trillion budget, the largest in Kenya’s history.

The Treasury boss will be walking a tight rope as he strives to ensure he comes up with the funds to actually finance the 2018/19 budget.

Already the number point to a large deficit with little room to balance between recurrent and development spend.

In light of the pressing need for expenditure to meet huge infrastructural projects by government, the Kenya Revenue Authority (KRA) Sh1.7 trillion targets barely scratch the surface in regards to government fiscal needs.

KRA has on an annual basis improved its revenue collection, but always fallen short of meeting the targets set by the Treasury.

To offset this, Mr Rotich will be pensively waiting to raise an additional Sh179 billion from government fees and collections from parastatals and ministries.

Budget estimates tabled in Parliament show that the Treasury will also ...
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