Kenyan President William Ruto proposed spending cuts and additional borrowing.
in roughly equal measure to fill a nearly $2.7 billion budget hole caused by his withdrawal of planned tax hikes in the face of nationwide protests.
Ruto said in a televised address that he would ask parliament for spending cuts totalling $1.39 billion for the fiscal year that began this month and that the government would increase borrowing by about 169 billion shillings. Austerity measures will include the dissolution of 47 state corporations, a 50% reduction in the number of government advisers, the suspension of non-essential travel by public office bearers and the removal of budget lines for the president and deputy president’s spouses, he said.
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