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CDF FRAUD IN REAL TERMS AND IN THE FUTURE
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#1 Posted : Wednesday, April 07, 2010 9:07:31 AM
Rank: Member


Joined: 2/27/2010
Posts: 109
Location: NAIROBI
CDF as launched in 2003 had only 1.26b released by treasury. This was increased to 18b representing a paltry 2.5% of annual budget.

Fast forward...the new constitution proposes to raise this allocation to 10% of annual budget.
So does that mean if 445m was lost then, when the allocation is raised to 10% we might be looking at approximately 4b loss annually?


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