President Ruto’s Debut Budget Unveils Key Highlights
On Thursday, when Treasury Cabinet Secretary Njuguna Ndung’u presents the 2023/24 Budget to Parliament, Education will receive the largest allocation of Ksh. 630 billion.
This represents 27.4% of the budget as the administration of President William Ruto seeks to provide accessible and high-quality education.
Other highlights of the Ksh.3.6 trillion estimate include:
From Ksh.15 billion to Ksh.25.5 billion, the capitation for Junior Secondary Schools has increased. Similarly, the allocation of the Higher Education Loans Board has increased from Ksh.15 billion to Ksh.30 billion.
Approximately Ksh 141 billion has been allocated to the National Government’s health services, with counties receiving additional funding. Meanwhile, Ksh.250 billion is allocated to road construction, with the completion of stalled and ongoing projects given priority.
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Meanwhile, Ksh.5 billion has been allocated to the Fertiliser Subsidy Program, and Ksh.25 billion has been allocated to clear unpaid oil subsidy arrears.
Approximately Ksh.3 billion was allocated to complete the construction of 181 stalled markets that were initiated in 2008, while Ksh.4.7 billion was allocated to counties as conditional grants for the establishment of 47 aggregation and industrial parks per county.
To stimulate job creation. Reduce post-harvest losses, and improve the processing. Marketing, and distribution of agricultural products. An additional Ksh 3 billion was allocated to six Export Processing Zone Industrial Parks.
In addition, the government has allocated funds for the hiring of 20,000 teachers and additional Technical and Vocational Education and Training (TVET) trainers, as well as for the operationalization of 21 KMTC campuses and the recruitment of additional lecturers and staff.
The Hustler Fund receives an additional Ksh.10 billion to support entrepreneurial endeavors, and the budget allocates funds to increase the number of interns employed by the Public Service Commission from 4,000 to 8,000, with each intern earning Ksh.25,000 per month.
The School Feeding Programme received approximately Ksh.5 billion.
President Ruto’s Debut Budget Unveils Key Highlights
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