President William Ruto has signed a KES 200.7 billion Supplementary Budget (National Assembly Bill No. 4 of 2023), stating that the action will guarantee the uninterrupted provision of services to the citizens.
The Government has allocated over KES 60 billion towards resolving outstanding bills as part of its determined efforts to address the persistent problem in the nation.
The Bill authorizes the allocation of KE 200.7 Billion from the Consolidated Fund, which will be utilized to cover expenses for the service year ending in June.
This includes provisions for various initiatives such as capitation for junior secondary school students, improvement of school infrastructure, recruitment of more teachers, and additional funding for school feeding programs.
Under the supplementary budget, KES 6 Billion will be allocated towards recruiting more teachers, KES 2 billion will be used for school feeding programs under the National Council for Nomadic Education, KES 10 Billion will be utilized for drought mitigation efforts, and KES 15 Billion will be allocated for the provision of fertilizer subsidies.
The President emphasized the importance of developing sustainable solutions for the country’s food security, indicating that short-term measures will not be sufficient.
That is why the supplementary estimates have funded a wide range of interventions such as the expansion of irrigation systems.
Kenya’s President – William Ruto
The President acknowledged that Bill’s passage has resulted in a reduction of KES 143.7 billion to various votes. Consequently, this reduction is expected to have a crucial impact on the stimulation of economic performance.
Moreover, the Government’s dedication to reducing debt through expenditure rationalization is evident as the fiscal deficit has decreased from the initial estimate of 6.2% of the Gross Domestic Product (GDP) to 5.7% of GDP.
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