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    Treasury Cuts Funding for Big 4' Projects

    Jackson
    By Jackson Okoth
    - June 12, 2020
    - June 12, 2020
    Kenya Business newsPublic Policy
    Treasury Cuts Funding for Big 4' Projects

    The ‘Big 4’ Agenda projects have been allocated KSh 128.3 Billion in the 2020/21 National Budget. A massive drop from KSh450.9 Billion allocated in last year’s budget and KSh 400 Billion allocated in the 2018/19 budget.

    The Big Four Agenda items are; food security, manufacturing (mainly focusing on job creation), affordable universal health care, and affordable housing.

    The latest update from the Presidential Strategic Communications Unit (PSCU) indicates satisfaction with the ongoing rollout of Big 4 Agenda programs on universal health coverage, affordable housing, manufacturing, and food security.

    During the 8th National and County Governments Co-ordination Summit held in February, implementation progress of Big 4 Agenda aligned programs was discussed.

    At the start of this year, the Government received the first 228 complete housing units out of the 1,370 under construction at the Park Road Project in Nairobi.

    The Housing Pillar targets to build at least 500,000 new homes by 2022. The second and third phases of the project are set to be completed by December 2020, with more than 28 counties expected to put up 2,000 units each.

    The Government also launched the Universal Health Coverage (UHC), targeting to provide all 47 million citizens with affordable healthcare by 2022.

    On Food Security, it is estimated that up to 10 million Kenyans are food insecure. Most of them rely on food relief. Additionally, most Kenyan households incur huge food bills due to the high cost of food.

    The fourth agenda, manufacturing, is experiencing a downturn mainly due to the COVID19 pandemic which has severely affected businesses. Most manufacturers are operating at low capacity due to dwindling demand for goods and services.

    ALSO READ:CS Rotich Receives EU’s Ksh520 Billion to Fund Big 4 Agenda Despite IMF’s Reservations

    Achieving sustainable debt and driving the Big 4 agenda.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
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