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Economy
Treasury cuts development, inflates budget by Sh187bn
Friday October 27 2023
Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung’u on May 17, 2023. PHOTO | DENNIS ONSONGO | NMG
President William Ruto’s administration has cut development expenditure but increased its maiden budget by Sh187.3 billion in an effort to confront economic headwinds related to missed tax targets, huge debt repayment obligations and spending pressures from critical sectors such as education and health.
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