On Thursday, April 7, National Treasury Cabinet Secretary, Ukur Yattani, submitted the budget figures for the Financial Year 2022/2023.
Yattani’s Ksh3.3 trillion budget is the most massive in Kenya’s history, having evolved by Ksh200 billion from the 2021/2022 Financial Year one. The budget saw education, transport, security, and devolution sectors were given priority.
The Education sector received the lion’s share after it was allotted Ksh544.4 billion. This accounts for 16.48 percent of the national budget.
County governments came in second with an allotment of Ksh407.1 billion, out of which Ksh370 billion is the equity share and Ksh37.1 conditional allocations.
The Ministry of Interior under CS Fred Matiang’i was allocated Ksh317.8 billion. This will encompass the National Police Service (NPS), National Intelligence Service (NIS), and the provincial administration.
Closing the Ksh100 billion allotment mark is the Teachers Service Commission (TSC) with Ksh294.7 billion, transport and infrastructure extension with Ksh212.5 billion, and the Big Four Agenda with an allocation of Ksh146.8 billion.
Other gainers include affordable energy (Ksh91. billion), Parliament (Ksh50.2 billion), the Independent Electoral and Boundaries Commission (IEBC) (Ksh21.7 billion), the National Youth Service (Ksh13.1 billion), and the Higher Education Loans Board (Ksh6.8 billion).
Among the biggest losers include the bodaboda and three-wheeler owners and operators, whom CS Yattani proposed must have insurance covers for themselves and their passengers.
The CS also pushed hard on the gambling and alcoholic beverages sectors, terming them as risky habits. Yattani introduced a 15 percent exercise duty on the revenue paid for the running of a gambling or alcoholic drink advert.
Content created and supplied by: Ke-neews (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More