This archive report was first published on 14 November 2019.
Published on November 14, 2019, Treasury acting CS Ukur Yattani has proposed a KSh 86 billion increase in budget expenditure from KSh 3.04 Trillion to KSh 3.13 Trillion.
The proposed increase, which is part of the supplementary budget plan, is yet to receive the parliament’s approval.
Notably, the Treasury has raised its budget deficit forecast for the third time, expecting a 6.3% deficit. This comes after revenue between June and September fell KSh 85.5 billion short from the KSh 495 billion target.
Major projects such as energy, water, transport, and healthcare are set to benefit from the supplementary budget.
Key allocations include a KSh 7.4 billion increase for the Ministry of Energy, with an additional KSh 3 billion set aside for alternative energy programs.
Industrial development investments have also seen a significant boost, with allocations tripling to KSh 9.1 billion from KSh 3.96 billion.
Other notable allocations include KSh 16.7 billion for the Nairobi SGR, KSh 3 billion for Dongo Kundu Special Economic Zone, and KSh 7.3 billion for Murang’a Northern Collector and James Gichuru Expressway.
