Yesterday, Treasury Cabinet Secretary Henry Rotich unveiled the Government’s spending plan for the next financial year which is anchored on the Big Four agenda, outlined avenues to finance it and the tax measures taken.
This year’s budget is almost twelve times higher than the 2000/2001 budget which was at Ksh 266 billion then. Here is a look at the 2019/20 Kenyan budget in numbers.
How It Will Be Financed
- Sh 2.1trillion – KRA is expected to collect this amount to finance financial year 2019/20 budget
- Sh 324 billion – Share of the budget that will be plugged through external debt
- Sh 283.5 billion – Loan expected to be sourced internally
- Sh 451 billion – Amount ringfenced for drivers and enablers of the Big Four Agenda projects.
- Sh 473.4 billion – Education Sector
- Sh 406.8 billion – Energy, Infrastructure and information, communication and technology.
- Sh 270.9 billion – Public administration and international relations
- Sh 204.8 billion – Governance, Justice, Law and Order
- Sh 153.6 billion – National security
- Sh 93.0 Billion – Health
- Sh 82.3 billion – Environment protection, water and natural resources.
- Sh 59.1 billion – Agriculture, rural and Urban development sector.
- Sh 54.8 billion – Social Protection, Culture and Recreation sector.
- Sh 23.9 billion – General economics and commerce affairs