President William Ruto has directed ministries to cut their budget by 10 per cent to cut costs amid renewed push for austerity.
This follows a cabinet meeting that was held at State House Nairobi on Tuesday.
In a Cabinet Dispatch sent to Kenyans.co.ke, it was explained that the move was also informed by the current economic times.
"President William Ruto has directed ministries to cut their 2023/2024 budgets by 10 per cent to align expenditures with available resources amidst the global economic stress," read the dispatch in part.
"While chairing a cabinet meeting at State House, Nairobi, President Ruto emphasized the need for the Government to exercise prudence in resource utilisation, firmly stating that wastage and corruption would not be tolerated." read the dispatch in part.
Ruto's new directive of the budget came a day after new travel guidelines restricting unnecessary expenditure were issued.
The move also comes amidst concerns from Kenyans over the expenditure from the government amidst increased taxation.
On the other hand, the Cabinet resolved to set aside Ksh4 billion to purchase maize from farmers that were harvested in August.
It was also noted that measures would be taken to help the farmers in drying and storing the produce to mitigate post-harvest losses.
"In another significant move, the Cabinet approved the immediate partial lifting of the moratorium on the issuance of new mineral rights for industrial and construction minerals.
"The lifting, it was appreciated, will be staggered as the Government develops means for their exploitation, ensuring Kenyans benefit. This aligns with the Bottom-Up Economic Transformation Agenda, which aims to decriminalize artisanal mining," read the dispatch in part.
Regarding the granting Kenya rights to host the African Cup of Nations (AFCON) by the Confederation of African Football (CAF), the Cabinet approved the construction of the Talanta Stadium which will be constructed in Jamhuri in Nairobi County.
Planned renovations for Kipchoge Keino Stadium in Eldoret, Kasarani, and Nyayo were also approved.
