The government could further slash the budget for the 2025/26 financial year from Sh4.263 trillion approved by the Cabinet before it is tabled in Parliament.
The revelations emerged on Tuesday after a Cabinet meeting chaired by President William Ruto at State House, Nairobi.
“Cabinet Secretaries have been directed to work with the National Treasury to identify and implement necessary adjustments within ministries and state departments. This move aims to cap the fiscal deficit at no more than 4.5 per cent of the GDP for the financial year 2025/26, down from 5.3 per cent in 2023/24,5.1 per cent in 2023/25 and with a medium-term target of reducing the deficit to 2.7 per cent,” a Cabinet dispatch reads.
The Cabinet noted that the government’s fiscal policy for the
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