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.
Year | Budget |
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
Categories | Amount |
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
Categories | Amount |
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.