Treasury CS Ukur Yatani presented the 2022/23 budget in Parliament on Thursday, April 7, 2022.
Before presenting the budget, the CS said they extensively consulted Kenyans in the preparations.
The total expenditure in the FY 2022/23 is projected at Ksh 3.3 trillion equivalent to 23. 9 percent of GDP.
Here are the key highlights of the budget;
The Government has allocated Ksh 3.0 billion to subsidize farmers during the current planting season. The CS further proposed an allocation of Ksh 2.7 billion in the FY 2022/23 to cushion the farmers while sustaining food production.
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CS Yatani proposed the amendment of the Insurance Regulations to require motorcycles and three wheelers used by fare-paying passengers to take insurance for their passengers.
Allocations
The CS allocated a total of Ksh 146.8 billion under the 'Big Four Agenda.
In addition, Ksh 2.1 billion for youth empowerment and employment creation under the Kazi Mtaani Programme and Ksh 8.2 billion for improving education outcomes.
The CS allocated Ksh 146.8 billion to the health sector to support the various programmes aimed at improving health outcomes.
Yatani proposed an allocation of Ksh 27.7 billion for the Affordable Housing Programme and Ksh 212.5 billion to support the construction of roads and bridges.
In addition, the CS proposed Ksh 18.5 billion for development of the Standard Gauge Railway.
On security matters, the CS proposed an allocation of Ksh 317.8 billion to support operations of the National Police Service, Defence and the National Intelligence Service. The Education sector was allocated Ksh 544.4 billion.
