Budget

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Judiciary budget cut by Sh3bn in U-turn Treasury decision

The Treasury has made an about-turn and cut the Judiciary’s budget by Sh2.8 billion through a supplementary budget, setting the stage for a fresh confrontation with Chief Justice David Maraga. On Tuesday, the Treasury sought MPs approval to increase spending by 2.8 percent to Sh3.13 trillion

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Treasury to borrow more amid massive job cuts and firm losses countrywide

The Treasury will have to borow more after an August audit showed that they wont meet their target in the business environment which has been hit with massive job cuts and corporate losses. The Budget outlook paper tabled in Parliament yesterday shows that the National Treasury has revised its borrowing