Who reads the budget in Kenya? Treasury Cabinet Secretary Njuguna Ndung’u on Tuesday, June 15, 2023, presented a detailed budget on which the government will run until June 2024. What is the budget proposal for Kenya 2023?
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Ruto’s budget aims to address seeks to strike a balance between impending economic challenges and external risks.
What is the budget proposal for Kenya 2023?
Treasure CS released the disputed budget amid clashes over the proposed “Finance Bill.”
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Critical highlights from the budget for the fiscal year 2023/24 are all illustrated below. Here is a comparison from the past year.
|2023/4||Ksh. 3.68 trillion|
|2022/3||Ksh. 3.30 trillion|
|2021/2||Ksh. 3.03 trillion|
|2020/1||Ksh. 2.89 trillion|
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2023/24 budget key highlights
|Total budget||Ksh. 3.68 trillion|
|Development||Ksh. 718.9 billion|
|National government||Ksh. 2.3 trillion|
|Counties||Ksh. 385.4 billion|
|Public debt||Ksh 1.6 trillion.|
Kenya’s debt is as we speak about Ksh. 10 trillion.
Budgetary allocation per sector
|Education||Ksh. 630 billion|
|TSC||Ksh. 323.8 billion|
|Health||Ksh. 141 billion|
|Judiciary||Ksh. 22 billion|
|Export firms||Ksh. 3 billion|
Professor Njuguna Ndung’u presented his first budget as part of President Ruto’s government; awaiting implementation of the Finance Bill for ease of implementation.
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The budget proposal for Kenya 2023/24 indicates high capitation to various ministries including education and health.