President William Ruto. Spending on development projects fell by 22 per cent in the five months to November as President William Ruto closed the taps of cash on some of the projects that had been prioritised by his predecessor in this year’s budget.
Spending on development projects fell by 22 per cent in the five months to November as President William Ruto closed the taps of cash on some of the projects that had been prioritised by his predecessor in this year’s budget.
Fresh data from the Central Bank of Kenya (CBK) shows development expenditure fell by Sh42.88 billion to Sh148.96 billion during the first five months of the financial year 2022/23 compared to a spend of Sh191.84 billion during the previous fiscal year.
