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Biggest Winners and Loser in the 2022/2023 Budget

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 )

Financial Year National Treasury Ukur Yattani Yattani


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