Proposals for Kenya's Austerity in FY 2024/25 - Okoa Uchumi

Proposals for Kenya's Austerity in FY 2024/25 - Okoa Uchumi

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Okoa Uchumi Coalition recently released a Memorandum on Kenya's supplementary budget for the FY 2024/205. This memorandum critiques Kenya's Supplementary Budget, arguing it misuses constitutional provisions for in-year budget adjustments. The budget is presented amidst a significant fiscal deficit and the withdrawal of the Finance Bill, proposing a substantial reduction in allocations. The authors contend that the Supplementary Budget process lacks transparency and could undermine key priorities. They call for alternative deficit reduction strategies to ensure Kenya's fiscal sustainability.

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