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.
READ: Revenue Misses Force Kenya Finance Chief to Abandon Budget Cuts
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
