Ruto's maiden budget sees a reduction of Ksh 250 billion

President William Ruto's maiden budget is facing significant challenges as revenue targets have been reduced by 250 billion Kenya shillings, forcing the treasury to rely more on domestic borrowing compared to external sources. With domestic borrowing set at 589 billion and external borrowing at 319 billion, there are concerns over the government's ability to meet its financial obligations. In addition, the development budget has been slashed by 75 billion, while recurrent expenditure has increased by 51 billion. Kenyans seeking loans from local banks may face high interest rates or even be denied loans altogether as the government is considered a better client.