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Do not bury head in sand over debt crisis - 8 Mar 2018 19:53

Editorial

National Treasury Cabinet Secretary Henry Rotich has thrown the country into a spin over its financial health. In a presentation to Parliament on Wednesday, the minister painted a grim scenario — the country faces a Sh84 billion budget deficit, forcing the Treasury to cut allocations to the national and county governments, put on hold non-priority projects and clamp down on luxuries. However, a day later, the minister turned around to declare that there was nothing like a broke government and, for good measure, decreed that any information to the contrary was fake news. Yet figures never lie. The government had a budget of Sh2.2 trillion for the current financial year. ELECTIONS However, it collected Sh1.365 trillion in taxes against a target of Sh1.56 trillion. Precisely, that was the point Mr Rotich made to the MPs: An honest exposition of the state of the Treasury. To be sure, last year was ...
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