Treasury Proposes Increase in Budget by 3% to KSh 3.13 Trillion
Treasury acting CS Ukur Yattani has proposed an increase in budget expenditure by 3% from KSh 3.04 Trillion to KSh 3.13 Trillion. The KSh 86 billion increase contradicts expenditure cuts which treasury earlier spearheaded.
Yattani suggested the 3% increase in the supplementary budget plan, which is yet to receive the parliament’s approval.
At the same time, Treasury raised its budget deficit forecast for the third time, expecting a 6.3% deficit. This came after revenue between June and September fell KSh 85.5 billion short from the KSh 495 billion target.
The supplementary budget will go to some of the major projects such as energy, water, transport and healthcare.
Ministry of energy grew its budget from KSh 64.6 billion to KSh 72.4 billion. Moreover, the state added another KSh3 billion to fund alternative energy programs.
Treasury also tripled the allocations for industrial development investments to KSh 9.1 billion from KSh3.96 billion. Yattani set aside KSh 2.82 billion for Universal Healthcare as well as another KSh 19.2 billion for health policy and standards.
Other significant allocations include additional spendings on KSh 16.7 billion for the Nairobi SGR and KSh 3 billion for Dongo Kundu Special Economic Zone. The CS allocated an additional KSh 7.3 billion for Murang’a Northern Collector and James Gichuru Expressway.
Twenty-Three Kenyan Entrepreneurs to represent the country in the upcoming Forty Under 40 Africa Awards 2023 : TechMoran
Latest Mobile App Development Trends To Dominate In 2023 : TechMoran
FORMER ARSENAL, REAL MADRID AND GERMANY MIDFIELDER OZIL RETIRES – GhettoRadio 89.5 FM
NSL: Shabana look to end first leg on a high
Ruto retains Ex-Solicitor General Ogeto to be Legal Advisor, Karisa Nzai Political Affairs Advisor » Capital News
HOUSES FLOODED IN WARUKU SLUMS AFTER HEAVY DOWNPOUR – GhettoRadio 89.5 FM
Firat: Kenya can qualify for 2030 World Cup
PEAKY BLINDERS’ CILLIAN MURPHY LANDS FIRST BAFTA NOMINATION – GhettoRadio 89.5 FM
Uber Announces Community Empowerment Initiative For Women Earners
Chelsea Wins First Leg Encounter With Lyon » Uzalendo News
The Standard – Breaking News, Kenya News, World News and Videos
Adola, Rotich set for Paris Marathon showdown
Coca-Cola joins other corporates during the Two day
In Kenya, men only marry women – Peresident Ruto – Kenya Satellite News Network
Patricia Njirwa: Open letter to Odinga, Karua and Musyoka
William Ruto’s headache in bid to woo foreign investors amid protests
KHALIGRAPH DESTROYS TID, NAZIZI SONG ‘WATASEMA’ – GhettoRadio 89.5 FM
PARENTS’ EXPERIENCES WITH AUTISM – GhettoRadio 89.5 FM
Gachagua Will Meet Raila at KICC, Discuss Way Forward – Malala – Nairobi Times
Parents Break Down While Struggling to Identify Pwani Accident Victims – Nairobi Times
General News2 days ago
At Least Eight Dead In India Temple Collapse » Uzalendo News
Entertainment6 days ago
Azimio must train supporters on peaceful demos
General News3 days ago
Salva Kiir appoints defence minister, breaches peace deal – Nairobi Times
General News6 days ago
Waiyaki Way, Other Nairobi Roads Barricaded by Police During Raila Protests [FULL LIST]
Tech4 days ago
UAE’s fintech Qlub raises $25 million to grow its operations : TechMoran
Entertainment4 days ago
MC Fullstop in the ICU following collapsed lung
Tech6 days ago
Paying for a blue badge on Twitter, are you game?
Sports4 days ago
Uganda edge Tanzania to revive 2023 Afcon hopes