Kenya cuts 2019/20 spending plans by 2.1%

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Kenya’s Finance Ministry has cut the government’s planned spending for the 2019/20 (July-June) fiscal year by 2.1%, equivalent to 46.2 billion shillings ($445 million).

The country’s Finance Minister, Ukur Yatani, who was appointed to the post in an acting capacity in July, promised strict spending cuts aimed mainly at non-essential items such as foreign travel by officials.

The cuts to the budget for this fiscal year were mainly caused by revenue collection shortfalls, the ministry said in its budget review.

They were attained through “trade-offs and reallocations of the existing budgetary provisions,” it added.

Peace PIAK