Parliament has slashed the treasury’s mini-budget by Sh29.4 billion which is likely to affect the completion of key infrastructure projects in the next financial year.
The budget and Appropriations committee cut the supplementary budget proposed by the Treasury from Sh80.1 billion to Sh50.57 billion.
The committee’s chairperson Kimani Ichungwa said that the budget has for years been based on unrealistic revenue projections not based on the economic outlook.
The committee removed Sh1.16 billion meant for payment of a Chinese contractor hired to complete the Loinyangalani-Suswa electricity line.
The MPs also slashed Sh1billion from the amount that the treasury asked MPs to approve for the relocation of water and sewage infrastructure to pave the way for the Sh59 billon JKIA- James Gichuru express way in Nairobi.
The treasury had set aside Sh7.7 billion for infrastructure in Nairobi to pave way for the construction of Kenya’s first double-decker expressway.
The Energy ministry has also lost Sh3.9 billion meant for electrification of special economic zones in Naivasha Industrial Park and Sh1.5 billion for off-grid solar access.