The government plans to increase its spending for the current financial year by an additional Sh344.8 billion, eroding the budget cuts that it had made last August as it sought to reduce spending to cater for revenue shortfalls after the withdrawal of the Finance Bill 2024. 

The Cabinet yesterday approved the Second Supplementary Budget, in which it is seeking to spend Sh344.8 billion, which is almost equivalent to what the government said would be the revenue shortfall occasioned by foregoing the taxes that had been proposed in the Finance Bill.