Kenya’s newest administration, led President William Ruto, is presenting the country’s budget for the fiscal year 2023/2024. The budget aims to address key developmental priorities while meandering with economic difficulties. Here are some of the highlights:
The Total budget for 2023/2024 is estimated at KSh 3.68 trillion, marking an increase from KSh 3.3 trillion in the previous year 2022.The development budget has been set at KSh 718.9 billion, showing the administration ’s focus on growth-oriented projects.
The national government is allocated KSh 2.3 trillion, to drive its agenda in gearing the country’s overall economic agenda.
County governments will receive an allocation of KSh 385.4 billion to support local development projects.
Budget Allocation to settle Public debt set at KSh 1.6 trillion