2023/2024 BUDGET DAY
Written by Obwoge Joseph on June 15, 2023
By Whitney Akunga
At 3pm on Thursday 15 June, Treasury Cabinet Secretary Njuguna Ndung’u, is expected to table the 2023/2024 budget, which will be the first budget under the Kenya Kwanza administration, at the Parliament.
The budget, estimated at Ksh.3.599 trillion, which is the largest in Kenya’s history, will outline the Government’s spending plans beginning 1 July.
The National Assembly Finance Committee is proposing a Ksh.80.7 billion addition, with the total budget expected to hit Ksh.4.4 trillion.
The national government has been allocated Ksh.2.2 trillion, while the judiciary has been allocated Ksh.22 billion.
The National Assembly and Senate have been given Ksh.1.6 trillion.
At present, Kenya’s debt is placed at Ksh.1.6 trillion and the government hopes to borrow Ksh.720.1 billion more.
