Major highlights of 2022/23 budget

All eyes are on the Secretary of the National Treasury Cabinet Ukur Yatani who is expected to read the 2022/2023 budget

The budget is 3.31 trillion shillings.

This is 4.8 percent more than the budget of 2.9 trillion shillings for the 2020/21 financial year.

Minister of National Treasury Ukur Yatani will present the budget proposals on April 7, 2022 from 3:00 am in the National Assembly in Nairobi.

The budget comes two months earlier than the usual June date.

This is to allow adequate preparation for the general election on 9 August.

This budget will be final under President Uhuru Kenyatta.

It will cover the costs of the period from 1 July 2022 to 31 June 2023.

The national government will take the bulk of that money – 2.07 trillion shillings.

The bulk of national government spending will go to executives – 2.01 trillion shillings.

Parliament will take 38.4 billion shillings.

The court will receive 18.8 billion shillings.

County governments will be allocated 370 billion shillings as dividends.

An amount of 24.7 billion shillings will go to the oil subsidy fund to protect Kenyans against rising oil prices.

The Central Government Fund will take shillings 864.1 billion.

The General Fund is the treasury run by the national government and the county government.

The Budget Regulator has been empowered under Article 206 (4) of the Constitution of Kenya to ensure that the treasury is used in accordance with the law.

The Equity Fund will take up 7.1 billion shillings.

Conditional grants for counties are set at 57 billion shillings.

The budget will give priority to the completion of key infrastructure projects, especially under the Big Four program.

These include the completion of 4,450 kilometers of roads and the construction of a 45-kilometer highway, the construction of 60 BRT stations and the acquisition of eight BRT buses with the aim of reducing congestion in the city.

The funding will also include connecting 750,000 new customers to the grid with post-Covid-19 recovery and policy interventions to support economic recovery.

This budget will give priority to drought response measures.

The Department of Social Welfare will receive 2.4 billion shillings for the transfer of funds to households in drought-prone areas.

The Ministry of Defense will receive 1.4 billion shillings from the Kenya Meat Commission for a livestock rehabilitation program to protect pastoralists from losses.

The Ministry of Devolution will receive 1.2 billion shillings for direct efforts to address issues such as water supply and food aid to famine-stricken households.

950 million shillings for police recruitment to strengthen national security ahead of the August elections.

An additional 8.8 billion shillings has been allocated to the Independent Electoral and Boundaries Commission for adequate preparation for the general election.

The Ministry of Education has allocated another 2 billion shillings for the completion of the construction of CBC classrooms and ensuring that the 8-4-4 system changes are easily implemented.

An additional 6.9 billion shillings has been allocated to the Teachers ‘Service Commission to cover teachers’ salaries, training and expenses related to CBC implementation.

Parliament will have to vote to approve the proposal or ask the finance ministry to revise its spending plans.

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