- Capital expenditure slashed by 16.4%, recurrent expenses cut by only 2.1%
- Concerns over economic growth and unpaid small and medium businesses
Nairobi, Kenya – Having faced weeks of protests, scrapped tax hikes, and an increasingly strained fiscal space, Kenya’s President William Ruto is implementing austerity measures that prioritise recurrent expenses over development plans. This approach significantly impacts projects while sparing salaries, travel, and other benefits from deep cuts.
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