Business Daily | by Muchai Kunyiha
At the heart of a nation’s prosperity is prudent public financial management, and this begins with a well-planned and balanced budget.
Besides funding essential services such as health, security, education and general administration, the national budget makes a fundamental decision on the level of resources that the government will take from its citizens to finance itself.
Therefore, governments must allocate resources judiciously, whilst bearing in mind a country’s economic performance and the most pressing needs of its citizens.
Kenya’s prevailing economic situation is currently characterised by the high and rising cost of living, unemployment, rising trade deficit and…