CS Ndung’u Highlights Key Govt Allocations In 2024/2025 Budget
CS Ndung’u Highlights Key Govt Allocations In 2024/2025 Budget
CS Ndung’u Highlights Key Govt Allocations In 2024/2025 Budget
The 2024–2025 budget statement was delivered to the National Assembly on Thursday, June 13, by National Treasury Cabinet Secretary Njuguna Ndung’u.
The CS emphasized the government’s ambitious goal, which led to the Ksh4 trillion budget allocation for the upcoming fiscal year, when briefing the MPs.
The CS suggested giving National Security Ksh377 billion when outlining the government’s proposal.
Meanwhile, the CS announced that county governments would receive Ksh400.1 billion as an equitable share for the first time in 12 years.
To scale up the fight against corruption, the CS proposed a Ksh4.2 billion allocation to the Ethics and Anti-Corruption Commission (EACC) and the Office of the Director of Public Prosecutions.
Additionally, Ksh6.9 billion would be allocated to the State Law Office and Ksh8.7 billion to the Office of the Auditor General.
According to CS Njuguna Ndung’u, the government has also proposed an allocation of Ksh656.6 billion towards the Education sector.
The allocation would include ksh30 billion to fund Junior Secondary School interns, Ksh36 billion to fund the Higher Education Loans Board (HELB) and Ksh3 billion to the school feeding program.
In a bid to achieve food security, the government proposed the allocation of Ksh54 billion for the agricultural sector.
In its breakdown, the treasury CS noted that Ksh10 billion would go to fertiliser subsidy and Ksh6 billion to the agricultural value chain.
The government also proposed the allocation of Ksh23.7 billion to support tourism, sports, culture and recreation.
To achieve Universal healthcare, the Government announced the allocation of Ksh127 Billion to the health sector, out of which Ksh 2 billion would go towards free maternity healthcare.
“Ksh 36.6 Billion has been allocated towards water and sewerage,” the CS added.
The government is also proposing an additional allocation of Ksh 5 billion for the Hustlers Fund and an additional allocation of Ksh 200 million for the Youth Enterprise Development Fund.
Additionally, CS Ndung’u suggested allocating Ksh193.4 billion for road construction and Ksh25.2 billion for the expansion of railroad transportation.
In a similar vein, Ksh69.7 billion went to the energy subsector while Ksh200 million went toward purchasing ferries for Lake Victoria.
“The government intends to create an elaborate tax system by expanding the tax base and reducing tax expenditure which stood at 2.9% of Kenya’s GDP in the year 2022,” said CS Njuguna Ndung’u.
