Development spending in nine months to March increased 17
percent compared to the same period a
year earlier, pointing to increased public investments in infrastructure projects.
year earlier, pointing to increased public investments in infrastructure projects.
Controller
of Budget (CoB) data shows Sh463.6 billion was channelled into capital
projects during the review period, an increase of Sh68.3 billion
compared to Sh395.3 billion a year earlier.
Increased
spending on projects such as roads, water, power plants, real estate and
electricity transmission lines spurs economic activities, helping
create job opportunities and grow government revenue, mostly taxes.
“Development
expenditure recorded growth in absolute amounts (Sh463.6 billion),
compared to Sh395.3 billion recorded in a similar period FY 2019/20
signifying the government’s efforts to focus on development activities,”
said CoB Margaret Nyakang’o in the report.
The State
Department of Transport gobbled up Sh90.2 billion — nearly a fifth of
the development spend during the nine months to March.
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