This archive report was first published on 14 November 2019.
As the country teeters on the brink of recession, the National Treasury's decision to increase the national budget by Sh86 billion is a welcome move.
Majority of the funds will be directed towards development projects, including roads, power plants, affordable housing, and healthcare.
These projects have the potential to inject money into the private sector through demand for raw materials, creating jobs and sales for companies.
However, for the expenditure to have a positive impact on the economy, the government must ensure that the 40 percent local tenders policy is strictly followed.
The country has the necessary materials for its development, and it is crucial that the funds are utilized effectively.
Additionally, prompt payment of bills to contractors is essential to avoid the cash flow challenges that have plagued many businesses in the past.
