Cash crisis to hit Uhuru and his legacy projects hard - News Summed Up

Cash crisis to hit Uhuru and his legacy projects hard


Around Sh600 billion — around 20 per cent of the national budget — had been allocated for development both for national and county governments. This means some Sh200 billion will not be flowing into the economy this financial year. The development means a good chunk of all development projects — on-going and scheduled — by national and county government will not take place this financial year. Development projects are mostly capital intensive, such as road construction. The Sh200 billion direct deficit might end up creating a Sh600 billion gap in the economy.


Source: The Star May 28, 2021 02:08 UTC



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