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What is the Budget Proposal for Kenya 2023/24? Key Highlights by Treasury CS Njuguna Ndung’u  

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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?

Ruto’s budget aims to address seeks to strike a balance between impending economic challenges and external risks.

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What is the budget proposal for Kenya 2023?

Treasure CS released the disputed budget amid clashes over the proposed “Finance Bill.”

Critical highlights from the budget for the fiscal year 2023/24 are all illustrated below. Here is a comparison from the past year.

YearBudget
2023/4Ksh. 3.68 trillion
2022/3Ksh. 3.30 trillion
2021/2Ksh. 3.03 trillion
2020/1Ksh. 2.89 trillion

2023/24 budget key highlights

CategoriesAmount
Total budgetKsh. 3.68 trillion
DevelopmentKsh. 718.9 billion
National governmentKsh. 2.3 trillion
CountiesKsh. 385.4 billion
Public debtKsh 1.6 trillion.

Kenya’s debt is as we speak about Ksh. 10 trillion.

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Budgetary allocation per sector

CategoriesAmount
EducationKsh. 630 billion
TSCKsh. 323.8 billion
HealthKsh. 141 billion
JudiciaryKsh. 22 billion
Export firmsKsh. 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.

The budget proposal for Kenya 2023/24 indicates high capitation to various ministries including education and health.

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