Kenya's Ruto aims to cut budget expenditure, eyes surplus

NAIROBi (Reuters) - Kenya's new President William Ruto on Thursday instructed the finance ministry to cut 300 billion shillings ($2.5 billion) from the government's annual expenditure this year.

Ruto also said he aimed to bring it down further next year by an undisclosed amount, in a bid to achieve a recurrent budget surplus by the third year.

(Reporting by George Obulutsa and Duncan Miriri; Editing by James Macharia Chege)