Ruto Proposes Sh4.2 Trillion Budget for 2024/25, Allocates Lion's Share to Executive and Education
• President Ruto has proposed a Sh4.2 trillion budget for 2024/25 financial year, including Sh2.5 trillion for national government
• Counties to receive Sh391.12 billion equitable share, plus additional Sh54.72 billion
• Executive allocated largest share at Sh2.44 billion; education has biggest sector allocation at Sh666.46 billion
• Budget deficit projected at Sh703 billion, to be financed through domestic and external borrowing
• Public debt remains above 55% sustainability threshold, posing fiscal risks from factors like exchange rate fluctuations