Business Daily | by Edwin Mutai
The State has overshot its approved 2020/2021 budget by Sh120.8 billion, mainly pressed by Covid-19 related expenditure, new documents filed in Parliament show.
Treasury Cabinet Secretary Ukur Yatani said the overall ministerial cumulative expenditure in the fiscal year 2020/21 had increased by four per cent from the original approved budget of which recurrent and development spending climbed by 2.1 and 7.7 per cent, respectively.
“The implementation of the financial year 2020/21 budget continues to face various challenges. These include the effects of the Covid-19 pandemic which…
