Mutua assents to Machakos County Appropriation Bill into an act thus paving way for allocation of funds to the county by the National Treasury for year 2.
The county has allocated 55% of the Ksh. 8.9b budget to its recurrent expenses while the remaining 45% will go to development.
The highest allocation, which is Ksh1.8b representing 20%, goes to health care with roads and infrastructure being allocated Ksh 1.7b. Water gets Ksh 742m representing 8% of the total budget.
Machakos County remains keen on austerity and is therefore setting aside Ksh 100m for an early retirement scheme as a way of bringing down the huge wage bill. Also, they're conducting an audit on our workforce to ensure there are no ghost workers.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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