NAIROBI, Kenya Jun 10 – Kenya’s Treasury Cabinet Secretary Ukur Yatani has assured that the country’s debt is sustainable, following concerns of massive borrowing.
Yatani who spoke Thursday when he presented the 2021/22 financial budget in Parliament said he however, favours the proposal by the Budget Committee to set a debt ceiling to guide borrowing.
Here are other key highlights from the 2021/22 budget:
-Sh142.1bn set aside to support the implementation of the government’s Big Four agenda.
-Sh23.1 billion set aside to cushion the vulnerable from the effects of COVID-19
-Sh10bn allocated for affordable housing, Sh8.2bn for construction of affordable units and Sh3.5bn for KMRC.