Security, education, healthcare big winners in Treasury’s Sh86bn budget boost
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Cabinet Secretary for National Treasury and Economic Planning John Mbadi before the National Assembly Public Debt and Privatisation Committee at Continental House Nairobi on November 28, 2024.
The State Department of Energy has lost Sh7.636 billion in changes that await parliamentary approval.
Development cash for the State Department for Housing and Urban Development was reduced by Sh13.94 billion
Budget allocations to education, security, and healthcare have been increased even as water, housing, and energy to a cut in spending adjustments that have expanded the budget size for the current financial year by Sh85.8 billion. This figure excludes Sh5.5 billion apportioned for Consolidated Fund Services which caters for the debt repayment obligations.
On Tuesday, the National Treasury tabled the second Supplementary budget to the National Assembly which increased the size of Kenya’s budget for the financial year ending June to Sh3.56 trillion from the current Sh3.47 trillion. Treasury is also seeking lawmakers’ approval for additional spending that ministries had not been given the green light to spend.
