This archive report was first published on 30 June 2020.
On Tuesday, June 30, 2020, President Uhuru Kenyatta signed into law the 2020/21 Budget, the 2020 Finance Bill, and the 2019/20 Third Supplementary Budget at State House, Nairobi.
The 2020/21 Budget, worth 3.2 trillion shillings, includes a Ksh 56.6 billion post Covid-19 economic stimulus package and an allocation of Ksh 128.3 billion to the Government's Big Four agenda.
The 2020 Finance Bill, now law, has several amendments aimed at cushioning Kenyans from the adverse effects of the Covid-19 pandemic.
Key amendments include the zero rating of VAT on maize, cassava, and wheat flour for six months to make unga more affordable, as well as the extension of the zero rating of VAT on cooking gas for one year.
The 2019/20 Third Supplementary Budget, worth Ksh 18.4 billion, was approved by the National Assembly to address the Covid-19 health crisis and other emerging challenges.
The Supplementary Budget includes Ksh 5 billion allocated to Counties for Coronavirus response and Ksh 3.4 billion earmarked for Covid-19 allowances to frontline health workers.
The signing ceremony was attended by National Assembly Speaker Justin Muturi, Treasury CS Ukur Yattani, and Leader of Majority in the National Assembly Amos Kimunya, among others.
