The National Treasury overshot its recurrent spending target in six months to December 2024 by Sh101.3 billion to Sh1.4 trillion, from a target of Sh1.299 trillion on higher-than-expected spending on domestic debt service and pensions.
The overshooting of the recurrent budget in the first half of the 2024/25 fiscal year came as the exchequer saw dwindling revenues as overall collections fell shy of the target by Sh93.2 billion in the same period.
