The Budget-Reading Process: What Kenyans Should Expect

Treasury CS Njuguna Ndung'u poses for photo ahead of 2024/2025 budget submission
Treasury CS Njuguna Ndung'u poses for a photo ahead of 2024/2025 budget submission
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National Treasury

All eyes are on the National Treasury as it prepares to submit its budget proposal estimated at Ksh 4 trillion to parliament for approval.

The proposed budget is set to be formally tabled in parliament at 3 p.m.

Budget and Appropriations Committee Chairperson, Ndindi Nyoro, while commenting on the imminent submission noted the approval process could take up to a week.

According to Nyoro, what will be done by the MPs on the first day of the budget's submission will be ceremonial, noting that the Treasury CS would only highlight critical areas of the budget.

President William Ruto (right) and Treasury CS Njuguna Ndung'u in April 2021.
President William Ruto (right) and Treasury CS Njuguna Ndung'u in April 2021.
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Kenyans.co.ke

"The entire process and figures are the ones that are contained in the appropriations bill, even tomorrow, the process of passing the budget won't be complete, it will be completed next week," the Kiharu legislator noted.

While addressing journalists ahead of the submission, Treasury Principal Secretary Chris Kiptoo noted that the proposed budget seeks to strike a balance between expenditure and revenue.

However, the initial discussions will highlight the government's expenditure more as it seeks to address critical issues raised by Kenyans.

The budget submission will involve several stakeholders including the Ministry of Treasury and The National Assembly's Finance and Budget and Appropriations Committees.

Under the expenditure, the Executive has been allocated Ksh2.24 trillion, parliament Ksh43 billion and Judiciary Ksh23 billion.

County equitable share stands at ksh400 billion while Ksh2.1 trillion has been allocated to the Consolidated Fund.

Meanwhile, the budget deficit stands at Ksh514 billion with the government set to acquire Ksh258 billion through domestic borrowing and Ksh257 billion through external borrowing.

While appraising the parliament on the latest budget allocations, Treasury Cabinet Secretary Njuguna Ndung'u noted that it was drafted in careful consideration of Kenya's budging debt.

The Key highlights of the proposals will include the projection of economic and social growth.

In particular, the CS will address the government’s plan for universal health coverage, mitigation of climate-led calamities, education and sanitation. 

The budget will further outline the country’s economic position with a critical highlight on revenue allocation for additional resources to facilitate production and completion of ongoing projects.

Treasury Cabinet Secretary Njuguna Ndu'ngu (left) and Treasury Principal Secretary Chris Kiptoo (centre) preparing to submit proposed budget to the National Assembly
Former Treasury Cabinet Secretary Njuguna Ndung'u (left) and Treasury Principal Secretary Chris Kiptoo (centre) preparing to submit the proposed budget to the National Assembly
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National Treasury and Economic Planning