Business News

Kenyan President Approves $723 Million in Supplementary Budget

Please Share This Story!

(Bloomberg) — Kenyan President Uhuru Kenyatta signed a supplementary budget, enabling the release of 73.4 billion shillings ($723 million) to fund government services and projects for the period through June.
The National Treasury last month asked lawmakers to increase the 2019-20 spending plans by almost 3% to 3.13 trillion shillings even when revenue is below target.
Treasury wants to continue funding projects including improving manufacturing, housing, health care and farming to boost economic growth.
To contact the reporter on this story: David Herbling in Nairobi at dherbling@bloomberg.net
To contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Helen Nyambura
©2019 Bloomberg L.P.


Please Share This Story!

Leave a Reply

Your email address will not be published. Required fields are marked *