The finance minister Matia Kasaija is reading the sh48.1 trillion national budget for the financial year 2022/2023.
According to budget documents, the Government anticipates to generate sh25.7 trillion from revenue collections and the remaining sh22.4 trillion will come from internal and external borrowing.
This comes against the backdrop of sh3 trillion and sh2 trillion revenue shortfalls the Government recorded in the financial years 2019/2020 and 2020/2021 respectively, mainly because of the COVID-19 pandemic.
In the current financial year, which ends on June 30, the shortfall is estimated in the range of sh900b.
