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JUST IN: Austerity Measures Extended as Budget Deficit Hits Ksh768 Billion 

  Government ministries and state agencies are bracing for tighter budgets after the National Treasury confirmed no relief in the upcoming financial cycle. Treasury Cabinet Secretary John Mbadi announced that President William Ruto’s administration will extend austerity measures into the next fiscal year to manage ongoing financial challenges. Ministries and agencies have been directed to review their activities, projects, and programs for the 2025-26 budget. This directive is outlined in the 2024 Budget Review and Outlook Paper (BROP), which emphasizes prioritizing essential programs and reducing wasteful spending. “Sector Working Groups (SWGs) are required to eliminate wasteful expenditures and pursue priorities aimed
The post Austerity Measures Extended as Budget Deficit Hits Ksh768 Billion appeared first on Nairobi Wire. Read More

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