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Kenya has spent only 8.3% of development budget

Development spending has come second to recurrent expenditure in Kenya's budget in the last four years as the country has spent 60 per cent of the total 7.5 trillion shillings on recurrent expenditure while only 40 per cent has been left for development. Even so, only 8.3 per cent of the allocated funds for development have been utilized, further slowing down growth. Osborne Wanyoike, Tax Director at PriceWaterHouse Coopers joins CNBC Africa for more.
Thu, 30 Mar 2017 10:14:45 GMT