Sh2.1 trillion balancing nightmare for Treasury CS Henry Rotich

Treasury Cabinet Secretary Henry Rotich is today expected to present to Parliament a Sh2.1 trillion Budget, expected to raise more revenues to fund the country’s growing development expenditure while seeking to balance several competing social needs.

While millions of Kenyans are hoping for a favourable expenditure plan, this year’s budget comes ahead of the expiry of a three-year transition period at the end of which consumers are expected to start paying Value Added Tax (VAT) on petroleum products.