By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Despite promising to slash expenditure, Ruto has surpassed Uhuru’s budget by Ksh.410B- Mbadi
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Metro > Despite promising to slash expenditure, Ruto has surpassed Uhuru’s budget by Ksh.410B- Mbadi
Metro

Despite promising to slash expenditure, Ruto has surpassed Uhuru’s budget by Ksh.410B- Mbadi

new5nuke
Last updated: June 8, 2023 9:01 am
new5nuke
2 years ago
Share
SHARE

Nominated Member of Parliament John Mbadi has stated that President William Ruto is now breaking promises to Kenyans about cutting spending from what was used during Uhuru Kenyatta’s tenure.

According to Mbadi, President Ruto’s promise to cut Kenyatta’s budget by about Ksh.300 billion has fallen through, and the budget has instead been increased by about Ksh.410 billion.

“When President Ruto came to power, the day he was sworn in one of the things he said was that he was going to reduce Uhuru’s budgets by Ksh.300 billion. He not only managed to reduce it and instead increased from what Uhuru’s budget was by a further Ksh.410 billion,” he said.

MP Mbadi was speaking on Citizen TV’s Daybreak Show on Thursday.

He further censured the government over its 2023–24 budget estimate, which has recorded a Ksh.1 Trillion jump from the 2022/23 budget, noting that the government has misplaced its projections on revenue collection avenues.

According to Mbadi, the government’s plan to raise revenue through harsh taxation will fail and that alternative solutions should be sought.

READ MORE  Governor Ntutu said that Narok County will establish a special bursary for widows

“The government has increased expenditure and thinks that the best way to finance that increase is to overtax Kenyans,” he said.

“And I dare tell you that your projections on revenue are completely out of place. There is no way you are going to collect about Ksh.698 billion more in this country,” he added.

“Income tax alone you are projecting to collect over Ksh.300 billion more, it is not going to be possible and no matter how much you try to squeeze Kenyans, to raid our pockets, you are not going to succeed.”

The National Treasury tabled a Ksh.4.5 trillion budget before parliament on Wednesday, a stark increase from the last financial year which was Ksh.3.324 trillion.

The exchequer has allocated Ksh.718.9 billion for development, Ksh.850 billion for consolidated fund services, and Ksh.775.1 billion for interest on the country’s debt.

The national government will receive Ksh 2.3 trillion from the budget, followed by Ksh 385.4 billion for county governments and Ksh 41 billion for the parliament.

The Judiciary will be allocated Ksh.23 billion to run the courts with State House getting Ksh.7.3 billion.

READ MORE  Passenger on Boeing flight that suddenly dropped says pilot told him he lost control after instrument failure

The National Treasury expects the taxman to collect Ksh. 2,57 trillion in order to fund the budget, with the treasury attempting to finance the deficit through borrowing.

One killed, 5 others injured as gold mine collapses in Siaya
American boyfriend of missing Kenyan woman jailed in US for 9 years
Woman who jumped into the Indian Ocean is mentally ill – police say
Officer fatally stabbed during altercation outside Embakasi pub in Nairobi
20-year-old woman hospitalised after boyfriend poured h0t water on her
Share This Article
Facebook Email Print
Previous Article Court orders inquest into Jeff Mwathi ‘s death
Next Article Piers Morgan aims dig at Lionel Messi for ‘quitting elite football three years earlier than Cristiano Ronaldo’ as he signs for Inter Miami
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Two arrested as NACADA seizes bhang worth Ksh.5M near university hostels in Homa Bay
  • Football fans call for USA to be stripped of World Cup hosting duties after Charlie Kirk was sh0t de@d
  • 23-year-old mother puts 15-day-old baby in refrigerator because he was not sleeping
  • Bomet priest, mother arraigned over alleged assault of minor
  • Mwingi man arrested for allegedly killing, burying father in secret grave

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?