Cabinet secretary for treasury Henry Rotich is expected to deliver the 2018/2019 financial budget amid mega corruption scandals under the jubilee leadership even as President Uhuru Kenyatta embarks on intensive crack down on public funds looters. The members of parliament are looking forward to how the government will finance major projects in this year’s budget more so the big four agenda of the jubilee administration.
As President Uhuru Kenyatta narrows down on the implementation of the big four agenda under his leadership, what befalls him is on whether the 2018/2019 financial budget will favour him.
Overall the Ksh3.074 Trillion budget has grown by about 10.83 percent from the 2017/18 financial year which was Ksh2.77 Trillion. With a budget that proposes taxes on fuel and sugar, and one that looks within to fund the economy, there are bound to be reactions.
Among those who will be attending the budget reading today, are the legislators, religious and political leaders.
According to the opposition Members of parliament President Kenyatta will have an uphill task in implementing his manifesto.
The Treasury boss Henry Rotich will be walking a tight rope as he strives to ensure he comes up with the funds to actually finance the 2018/19 budget.
The Mps will be looking forward to how the government will finance projects in this year’s budget.
Kenya is hailed as the largest economy in the East African Community (EAC), and has continued to demonstrate this with a budget dwarfing those of its neighbors. At Ksh3.07 trillion, Kenya’s budget is larger than those of Uganda, Tanzania and Rwanda combined.