Budget 2021/22: Four roads to remain closed up to 5:30pm in Nairobi

Several roads within the city will remain closed on Thursday afternoon ahead of the budget reading by Treasury Cabinet Secretary Ukur Yatani.

In a statement to the public Nairobi Regional Commissioner James Kianda said the closure will necessitate easy movement to and from Parliament.

“In order to facilitate ease of movement during budget reading for members of Parliament and Senate as well as executives from Treasury, the following roads will be closed between 1:00pm and 5: 30pm,” Kianda said.

These roads are; Harambee Avenue, Parliament Road, Taifa Road and City Hall Way.

The National Treasury has indicated it is seeking to raise the country’s debt ceiling to Sh9 trillion, less than two years after increasing it to Sh6 trillion.

In the past one year, the country has received several loans, including $739 million from the IMF and an additional $2.4 billion to assist the government roll out Covid-19 response measures.

The limited fiscal space has jolted the government to explore various taxation measures meant to expand the tax base and increase revenue collections.

Some of the salient tax measures that the government aims to introduce in the next financial year include introduction of more restrictive conditions for multinational enterprises to get interest expense deductions on their borrowings.