Daily Nation Doing Budget live coverage via Twitter

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One of Kenya’s Media Giant Daily Nation is doing live text updates of the Kenya Budget reading later today via twitter. This will be beneficial to a large number of Kenyans in Kenya and in the diaspora to get updated of the very important session of the year. The budget reading usually occurs at a time when most of the people are in the offices, hence wont be able to watch live screens of the budget reading on TV.

Here is a sample of the updates copied from the Daily Nation Website

15:15 Sh31.5bn to fund expansion in the energy sector, which include 5bn to fund rural electrification.

15:14 On energy, Mr Kenyatta says government will expand resources to acquire cheaper energy. ERC will review electricity tariffs with a view of making cost of power predictable.

15:12 Sh4.2bn to open up Kisumu as one of Kenya’s Vision 2030 towns.

15:10 Sh17.86bn allocated to improve Kenya’s road network.

15:08 Sh182bn allocated towards financing prioritised infrastructure projects.

15:07 Government has prioritised security projects to attract investments into the country. Mr Kenyatta says confident Kenyans will see fruits of investments soon

15:05 Severe penalties imposed on businesses involved in fraud.

15:04 He says Treasury will push for enactment of various bills, including Partnership Bill, to improve the business climate in the country.

15:03 Mr Kenyatta says Regulatory Bill, if enacted, will check unilateral and arbitrary costs of doing business.

15: 02 Savings form debt refinancing will be used to fund critical development projects.

15:00 Reduce domestic borrowing to a 38pc in 2010/2011. Government has developed a strategy on debt refinancing.

14: 59 He says there’s room for improvement of ministries spending within the financial year and urges tem to absorb 80pc of development monies.

14: 57 Directs KRA and Central Bank to carry out audit of forex bureaus and report to him by end of September.

14:55 Mr Kenyatta says tax evasion is an economic crime and government response will be swift and indicts forex bureaus of aiding the vice.

14:54 More needs to be done in tax compliance to ensure government meets its revenue target.

14: 53 Kenya fully committed to implement the EAC framework.

14: 52 Mr Kenyatta says government will prioritise infrastructural projects to drive economic growth.

14: 50 Low inflation at 5pc and expand economic opportunities for Kenyans.

14: 49 Framework will address unemployment among youths by promoting entrepreneurial skills.

14: 47 Kenya must maintain a high growth path and will implement strategic measures including accelerating privatisation, social sectors.
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