Kenya To Spend 31 Billion On Infrastructure Projects Over Next Decade
By Semafor Africa Photos: YouTube Screenshots 31 billion is the amount that Kenya plans to invest in infrastructure development over the next decade. President William Ruto said funds from the budget, state asset sales, and private sector resources would be pooled to build new roads, rail, and power projects. Ruto’s administration inherited a debt crisis upon taking office three years ago and has struggled to reduce its budget financing gap. Planned tax hikes prompted deadly protests last year that forced Ruto to row back on some economic plans. And the government’s tax collector missed its revenue target by more than $370 million for the year ending in July. While this year’s budget is “on track,” Kenya’s future spending plans are being drawn up “against persistent fiscal challenges, including revenue shortfalls, rising public debt and debt servicing costs,” the treasury said last month.
Black News 
By Semafor Africa
Photos: YouTube Screenshots
31 billion is the amount that Kenya plans to invest in infrastructure development over the next decade.
President William Ruto said funds from the budget, state asset sales, and private sector resources would be pooled to build new roads, rail, and power projects.
Ruto’s administration inherited a debt crisis upon taking office three years ago and has struggled to reduce its budget financing gap.
Planned tax hikes prompted deadly protests last year that forced Ruto to row back on some economic plans.
And the government’s tax collector missed its revenue target by more than $370 million for the year ending in July.
While this year’s budget is “on track,” Kenya’s future spending plans are being drawn up “against persistent fiscal challenges, including revenue shortfalls, rising public debt and debt servicing costs,” the treasury said last month.
