Header Ads

Govt is broke, we have no money – CS Rotich


National Treasury CS Henry Rotich(left) and his Principal Secretary Kamau Thugge at a past press briefing at Treasury building. PHOTO | FILE

Treasury Cabinet Secretary Henry Rotich shocked Senators on Wednesday with a rare admission that the government has no money.

To deal with the problem, the government  will review its expenditure by way of a supplementary budget that will review the Division of Revenue Act 2017 to reduce money allocated to counties by Sh15 billion.

Mr Rotich explained that the shortfall in revenue collection was largely caused by the long electioneering period and drought that slowed down businesses.

He made the remarks while appearing before a Senate committee.

More to follow…

 

The post Govt is broke, we have no money – CS Rotich appeared first on Nairobi News.

No comments

Powered by Blogger.