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    Treasury Seeks Amendments to the 2020/21 National Budget

    Jackson
    By Jackson Okoth
    - May 20, 2020
    - May 20, 2020
    Kenya Business newsPublic Policy
    Treasury Seeks Amendments to the 2020/21 National Budget

    National Treasury has written to the Parliament seeking amendments to the 2020/21 National Budget to be read on 12th June 2020.

    In a letter to the Parliamentary Budget Office, dated 18th May 2020, Hon Ukur Yatani, Cabinet Secretary National Treasury, is seeking amendments to the proposed 2020/21 budget estimates which have already been submitted to Parliament.

    Treasury is seeking for KSh53.7 billion Post COVID-19 stimulus package, already approved by President Uhuru Kenyatta, to be included in the 2020/21 budget estimates.

    It is also seeking the inclusion of KSh26.4 billion, a request put in by the Head of Public Service for Nairobi Metropolitan Services after the Treasury had made its submissions to Parliament. This is in addition to KSh1.5 billion for the renewal of Mukuru slums in Nairobi.

    Treasury is also requesting for reallocation of KSh4.55 billion funds used for leasing of motor vehicles from the State Department for Interior to National Treasury.

    This is also in addition to KSh1.35 billion to the Presidency for operations, maintenance and development, KSh2.5 billion to Ministry of Interior, and KSh100 million for a climate action project to be run by Treasury and financed using donor funds.

    “The amendments mentioned above will be funded through a combination of budget realignment, additional funding from development partners, and mopping of surpluses from parastatals,” reads CS Yattani’s letter in part.

    The amendments, amounting to KSh56.2 billion, comprises of KSh19.5 Billion in Development budget estimates adjustments, and KSh36.7 Billion in recurrent estimates.

    In February, Treasury presented spending estimates totaling KSh2.91 trillion to the National Assembly for approval.

    ALSO READ:Treasury Needs Austerity Measures to Reduce Mounting Debt

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