Ruto went on a spending spree after poll win as he used Sh4bn on luxuries
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Ruto went on a spending spree after the August poll win as he used Sh4bn on luxuries despite claiming they found empty coffers
Ruto went on a spending spree after the August poll win as he used Sh4bn on luxuries despite claiming they found empty coffers.
Even though its leadership claimed to have found empty state coffers, the Kenya Kwanza administration blew through hundreds of millions of shillings while authorizing the spending of more than Sh4 billion on matters unrelated to development at the Office of the President.
To “execute urgent scheduled initiatives” on the recurring side, approximately Sh264 million were wired to Deputy President Rigathi Gachagua’s office on November 23, 2022.
According to a mini-budget document, the payment was a portion of the Sh1.59 billion that the National Treasury authorized the Deputy President’s office to spend on September 21.
The Supplementary Budget of 2022/23 shows that Treasury approved expenditures amounting to Sh127.5 billion by Ministries, Departments, and Agencies (MDAs) between July and December 2022, out of which Sh66.4 billion has already been sent to respective state entities.
Since the election of President William Ruto, among spending items Treasury approved are Sh2.6 billion on State House affairs in November, Sh45 million for hospitality by the Cabinet on January 31, and Sh840 million for use by the Ministry of Foreign Affairs in September to facilitate temporary committee and other operating expenses, all recurrent.
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President Ruto’s administration has also spent Sh10.2 billion to fund the Financial Inclusion Fund (Hustler Fund) out of the approved Sh12.2 billion, Sh3.79 billion on the fertiliser subsidy programme, and part of Sh22.6 billion on fuel subsidy, which it scrapped, the Suppl
elementary Budget one 2022/23 shows.
The supplementary budget also shows that, in pursuit of austerity measures to cut total national government spending by about Sh13 billion, President Ruto’s administration plans to cut spending on development projects, but raise recurrent spending, including salaries, allowances, hospitality, and travel.
Treasury has proposed to cut development spending by about 15 percent from Sh715 billion to Sh609 billion, while raising spending on recurrent activities by 6.6 percent, from Sh1.4 to Sh1.49 trillion.
Treasury has proposed to cut infrastructure funding by Sh51.7 billion from the Sh221.3 billion that had been allocated by former President Uhuru Kenyatta’s government, attributing this to budget rationalization.
Also read,
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