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Kenya’s Ruto Proposes 9% Spending Cut in Maiden Speech to Parliament

  • Asks ministeries to find ways to reduce spending in 2022-23
  • East African nation’s finances ‘not very good,’ president says
Kenyan President William Ruto

Kenyan President William Ruto

Photographer: Michele Spatari/Bloomberg

Kenyan President William Ruto has asked his government to find ways for cutting budgeted spending by at least 9% this fiscal year.

In his maiden speech to parliament as the leader of East Africa’s biggest economy, Ruto proposed reducing spending by 300 billion shillings ($2.49 billion) in the year through end-June, nearly half of its development budget.