Hot Posts

6/recent/ticker-posts

Uhuru Kenyatta, Raila Odinga Hit In Ksh 156 Billion Ruto New Budget Cuts

The offices of former President Uhuru Kenyatta and former Prime Minister Raila Odinga are facing significant budget reductions as part of the new financial adjustments made by President William Ruto's administration.

The adjustments are necessitated by the withdrawal of the Finance Bill, which was expected to raise substantial revenue for the government.

The National Treasury has announced that the total budget cuts amount to Ksh99.9 million. Uhuru Kenyatta's office is set to lose Ksh92.7 million, while Raila Odinga's office will see a reduction of Ksh7.2 million.

These cuts are part of the broader effort to manage the budget deficit, which has risen due to the withdrawal of the Finance Bill.

The Office of the 4th President, which manages the affairs of former President Uhuru Kenyatta, will see significant reductions in various expenditure areas.

The domestic travel budget has been slashed from Ksh56 million to Ksh28 million. Similarly, the foreign travel budget has been reduced from Ksh120 million to Ksh96 million, marking a Ksh24 million cut.

Uhuru's hospitality budget will be reduced by Ksh24.5 million, and the budget for routine maintenance will see a Ksh5 million cut.

Additionally, the allocation for the purchase of office furniture will be entirely scrapped, saving Ksh10 million. The office's communication, supplies, and services budget will also be reduced by Ksh1,240,837.

Former Prime Minister Raila Odinga's office is also not spared from the budget cuts. The domestic travel budget for his office will be reduced by Ksh2.4 million, while the hospitality budget will see a cut of Ksh2.05 million.

Furthermore, the initial allocation of Ksh2 million for the purchase of office furniture will be eliminated. Other cuts will affect training expenses, communication services, and routine maintenance.

The budget cuts come at a time when the government is grappling with a significant budget deficit. The Finance Bill, which was withdrawn, was initially expected to raise Ksh300 billion through various proposed tax measures. Its withdrawal has left a considerable gap in the budget, prompting the Treasury to implement stringent measures to manage the deficit.

Post a Comment

0 Comments