Home ECONOMY Kenya Budget; Treasury Allots Sh450 Billion to Big 4 Agenda

Kenya Budget; Treasury Allots Sh450 Billion to Big 4 Agenda

by biasharadigest

National Treasury has allocated Sh450.9 billion to towards President Uhuru Kenyatta Big Four Agenda and their enablers for the 2019/2020 financial year, in the previous fiscal year, Kshs 400 billion was set aside for the same.

Universal Healthcare received Sh 48.8 Billion. While tabling the budget proposal in Parliament, Treasury CS Henry Rotich said that the amount would cater for scaling up the initiatives to the rest of the counties.

• Sh3.9 billion – Doctors, nurses and clinical officer’s internship programs,
• Sh14.4 billion- Kenyatta National Hospital
• Sh2.9 billion – Moi Teaching and Referral Hospital
• Sh2.3 billion – Kenya Medical Research Institute
• Sh7.4 billion -Kenya Medical Training Centres.
• Sh1.2 billion – Health workers internship programs.
• Sh 4 billion- NHIF cover to secondary students.

Under Sh58.9 billion allocated to the Agriculture docket, Sh2 billion was set aside for value addition chain, Sh3 billion for the coffee sector, Sh1 billion for crop diversification, Sh700 million for smallholder dairy farming, Sh7.9 billion for ongoing irritation projects and Sh2.1 billion has already been spent to clear pending debts for cane farmers.

Affordable housing received Sh10.5 billion which is inclusive of money meant for construction of affordable housing units for police and Kenya Prisons. CS Rotich added that the amount would include some Sh2.3 billion for the public mortgage housing scheme. As for the Manufacturing sector, textile firm Rivatex was allocated Sh1.1 billion meant for its revival and ultimately employment of over 3,000 Kenyans.

To cut expenses for manufacturers, the Government announced the reduction of the cost of electricity by 20 per cent.

The Treasury CS further directed all government ministries, departments, agencies as well as other public entities to procure locally assembled motor vehicles, tricycles, and motorcycles.

The Education docket received the biggest share in this financial year’s budget after being allocated a total of Sh208.9billion.; The Government set aside Sh.55.4 billion to facilitate free day secondary education and Sh13.4 billion for free primary education. Others include:
• Sh3.2 billion – Recruitment of teachers by TSC
• Sh1.5 billion – Infrastructure in both primary and secondary schools.
• Sh10.3 billion – Tuition and tools for supporting the vocational training institutions.
• Sh4 billion -Waiver for examination fee for both classes eight and form fours’ candidates.
• Sh97.7 billion- Allocated to Public universities
• Sh12.6 billion – Higher Education Loans Board (HELB).

Sh326 billion was set aside for Security sector

The Energy sector received Sh8.6 billion for Power transmission; the government set aside Sh180.9 billion to cater to major road developments and rehabilitation of all the expired roads.

To boost fight against corruption, the EACC, DCI and Auditor General was given Sh2.9 billion, Sh3 billion and Sh5.7 respectively.

In the 2019/2020 financial year, the elderly will receive Sh16.6 billion while Sh1.1 billion was set aside for cash transfer to persons with severe disability

Related Posts