Budget Policy Statement 2020

Treasury Cabinet Secretary has come up with a Budget document that shows that, for the first time, the country might spend less in the next financial year that it projects to in the current one. A major milestone for the Treasury’s fiscal consolidation plans, as it seeks to narrow the gap between the amount of money it spends and the cash it collects in taxes – the fiscal deficit. Treasury plans to spend Sh2.74 trillion, a decrease from the Sh2.87 trillion it plans to spend in the current financial year.

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