Road to Recovery: State announces Ksh. 2.73 Trillion Budget

Amb.-Ukur-Yatani budget

The 2020/2021 budget has outlined the total government spending at Ksh, 2.73 trillion as opposed to Ksh.2.78 trillion last year.

Counties will recieve Ksh.369.9 billion, including Ksh.316.5 billion as the equitable share from the national government.

Parliament have been allocated Ksh. 37.8 billion while the Judiciary will settle for Ksh.18.1 billion in the financial year running from July 1. Total revenues are also set to Ksh.1.87 trillion shillings including Ksh.1.62 trillion tax revenues, Ksh.249.1 billion as ministerial appropriations in aid (A-i-A) and Ksh.36.1 billion as grants.

A total of Ksh.127.3 billion have been channeled to fulfill the big four agenda.

The National Treasury will also source Ksh.152 billion in program loans including a Ksh.150 billion proposed loan from the World Bank Development Policy Operations (DPO). Treasury will also seek an additional Ksh.6.2 billion external commercial loans in line with its aim for cheap external debt.

Project loans will amount to Ksh.241.6 billion, while concessional loans expected to cap at Ksh.124.1 billion.

National Security has been allocated Sh174 billion. The revenue will be allocated to governance, law, and order. Despite being an Sh16 billion slash, national security ranks high as compared to health, water, and sanitization dockets.

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