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Browsing: Kenya budget making process
- Authorities in Kenya are planning to embrace zero-based budgeting starting 2025/26 financial year.
- The International Monetary Fund (IMF) believes that this kind of budgeting will help developing countries such as Kenya improve efficiency in their spending plan.
- Currently, Kenya is using traditional budgeting, where previous spending levels are typically adjusted.
President William Ruto has announced that Kenya will shift to zero-based budgeting starting in the 2025/26 financial year, marking a departure from the current incremental budgeting system. This change means that each new financial year’s budget will start from scratch, requiring all expenses and revenue lines to be justified afresh, rather than building on the previous year’s allocations.
“I believe that that time has come for us to break new grounds. That is why in the next financial year we will adopt a zero-based budget,” President Ruto said Thursday.
However, this is not the first time Kenya has attempted such …