Extra xash for counties a burden - budget adviser

IT will be an uphill task to raise the extra money for counties that was proposed by the National Assembly and further enhanced by the Senate , a Treasury official has said. An advisor on the budget at the National Treasury Albert Mwenda said yesterday that increased funding would force the national government to cut its expenses by about Sh48 billion as this is the only option since it is almost reaching its borrowing limits. Total outstanding debt as at end June 2012 stood at Sh1.5 trillion out of which domestic borrowing accounted for 50.6 per cent. The amendments to the Division of...