Kenya is set to unveil an all-time high budget of Sh3.07 trillion for the 2018/19 financial year to be tabled before Parliament. In the 2017/2018 budget, Kenya spent Sh2.6 trillion.
The government will be forced to borrow an additional Sh562.74 billion to the new budget due to deficit in revenue collection. This will add to current state debt of over Sh4 trillion, which has raised concerns from both locally and international financial experts and institutions such as International Monetary Fund (IMF).
Under the 2018/18 budget estimates, Sh870 billion will go to debt-related payments (interest and redemption payments) alone, while President Kenyatta’s Big Four Agenda of affordable housing, manufacturing, food security and universal healthcare will get Sh1.25 billion.
The Ethics and Anti-corruption Commission (EACC) will receive Sh 75 million for the acquisition of new headquarters and operating expenses.
An additional Sh30 million has be allocated to the state department of Interior for police housing program, while Sh200 million has been set aside for the Office of the deputy inspector general Kenya Police Service’s policing services program.
Sh100 million has been allocated for criminal investigation services while an extra Sh8.7 billion will be used for the repair of the infrastructure destroyed by recent flooding. Sh1 billion has been allocated to the Office of the Auditor General for personnel emoluments, outsourcing of audits and other consultancies bringing its total allocation to Sh6 billion.
State department for Energy has received Sh68 billion budget, with Sh13 billion going towards power generation and Sh53 billion towards power transmission. State department for Irrigation will get Sh17.97 billion while Sh5.56 billion will go to the state department for Agriculture and Research.
Industrialization has been allocated Sh6.91 billion while the National Intelligence Service (NIS) gets SH31 billion.
Others are Sh24 billion towards ICT infrastructure, Sh2 billion to youth training and development, Office of the Director of Public Prosecutions (Sh2.91 billion), Ethics and Anti-Corruption Commission (Sh2.92 billion) and Sh 32 billion to the department for housing, urban, development and public works.
The full budget breakdown will be presented before Parliament on June 14th by National Treasury Cabinet Secretary Henry Rotich.
I just wonder what this pre…
I just wonder what this pre-historic briefcase signifies. Intelligence in budgeting or what? We are in the digital age now and it is a high time this briefcase is archived.
And much of that money ends…
And much of that money ends up being stolen !
Let the Big CATs Adjust…
Let the Big CATs Adjust their (Tummy) Belts. For time to Eat BIG and More is at Hand yet again (at Taxpayer’s CHAGRIN).
Corruption No.1-Adultery…
Corruption No.1-Adultery because you are stealing for me from yourself.
Institutionalized corruption which must be dealt with by amending the constitution or bloody REVOLUTION-taking loams to pay useless political party owners-Uhuru,Raila,Ruto shs 2b per year,MPs increasing their own salaries last being 700% pension.We also have a useless big govt created to accommodate more thugs but bongolala Kenyans believe kanila yangu is represented in “EATING”.I even read some Gikuyu defending majambazi Kirubi,Mumbi,Kamau,Ndumbai,Wanjigi etc.Ata some bongolala Luos wanajitolea kufa for muuaji Raila to be president.
You should have set aside…
You should have set aside some money for building new jails that will accommodate all corrupt Kenyans thieves. Our current jails are not sufficient enough to jail them.
More needs to be done by the…
More needs to be done by the DPP. Noordin needs our support to sweep out the corrupt
Its high time that all…
Its high time that all Kenyans become their sister and brothers keepers,stop being mean to each other.what’s the use of you stealing from your fellow Kenyan yet everything we have is pure vanity#breaching the gap between the rich and the poor.