Sharp Daily
No Result
View All Result
Tuesday, October 14, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KShs 802 million to buy cars for Ruto, Rigathi and Mudavadi

Benson Muriithi by Benson Muriithi
March 23, 2023
in News
Reading Time: 2 mins read
[Photo/Courtesy]

[Photo/Courtesy]

The taxpayer is expected to foot Kshs 802.2 mn to buy cars for the top three government officials after the budget allocation for purchase of new cars increased by more than eight times compared to the same allocation in the Financial Year 2022/23. The offices that are set to benefit from this luxurious move include the office of the President William Ruto, office of the Deputy President Rigathi Gachagua and office of the Prime Cabinet Secretary Musalia Mudavadi.

In the last financial year, the budget allocation for purchase of new vehicles stood at Kshs 100.8 mn although the office of the Prime Cabinet Secretary had not been accounted for. Notably, the office of the deputy president will get Kshs 290.8 mn during this financial year which is an increase by more than Kshs 200.0 mn from kshs 90.8 mn in the last financial year.

This comes at a time when the country is battling economic crisis as some parts of the country are starving to death. In fact, the government is on record saying that they plan to cut all extravagance and wasteful spending in an effort to contain the country’s debt appetite that has left the country in a bad economic state. These are efforts to keep the recurrent expenditure below revenue.

Read: President Ruto Directs Ksh300 Billion Cut In National Budget

RELATEDPOSTS

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025

Kawira dismisses Ruto’s Meru tour, vows 2027 comeback

March 25, 2025

However, the purchase of new cars is one of the major drivers of the recurrent expenditure which will account for a total of Kshs 2.1 bn in this financial year as allocated in the budget.

Kenyans have since questioned the priorities of the Ruto government owing to the deteriorating economy on one hand while on the other, they are witnessing unnecessary spending on extravagant matters of the state.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

The Government to fast track implementation of projects in frontier counties

Next Post

KRA Set to Miss its Target of Kshs2.1trillion this Financial Year

Benson Muriithi

Benson Muriithi

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

EABL to redeem KES 11.0 billion medium-term notes ahead of schedule

October 14, 2025

Kenya’s 2028 Eurobond Buyback marks a turning point in debt management

October 14, 2025

COMESA’s digital retail payments platform enters trial phase

October 14, 2025

Embedded finance: The future of seamless financial services

October 14, 2025

World Bank Urges Kenya to Raise Excise and Carbon Taxes to Strengthen Fiscal Stability

October 13, 2025

Kenya shifts to bond financing for SGR and JKIA expansion

October 13, 2025

KESONIA: Transforming Kenya’s benchmark interest rate framework

October 13, 2025

Kenya’s NFIS 2025–2028: Advancing financial inclusion and well being

October 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024