The Kenya government plans to roll out the third phase of its Economic Stimulus Programme(ESP) that targets interventions in agriculture, health, education, drought response, policy, infrastructure, financial inclusion, energy, and environmental conservation.
This is as soon as the 2022/23 budget speech is made in parliament this afternoon by the Treasury and National Planning CS Ukur Yatani, the last such event as the clock winds up on President Uhuru Kenyatta’s administration.
The 2022/23 budget is being read two months ahead of the usual June date, due to the forthcoming August polls.
According to the 2022 Budget Policy Statement(BPS), the 2022/23 budget has allocated funds as follows:
i. Small scale tea farmers with fertilizer subsidy allocation of KSh 1.0 billion;
ii. Livelihoods of farmers within the nation’s sugar belt by allocating an additional KSh 1.5 billion towards factory maintenance and payment of farmers’ arrears;
iii. Completion of ongoing targeted interventions in the Coffee Sub-Sector by allocating KSh 1.0 billion;
iv. Communities affected by the ongoing drought, especially in ASAL counties, as part of the National Livestock Off-take Programme by allocating KSh 1.5 billion;
v. Reduction of prices of animal feeds by issuing a framework that will facilitate the reduction of cost of animal and chicken feeds;
vi. Adequately prepare the education sector for the next phase of the curriculum reforms where approximately one million students are to transition to junior secondary school in January 2023 by allocating KSh 8.0 billion for the CBC infrastructure expansion programme for the construction of over 10,000 classrooms;
vii. Construction of additional 50 New Level 3 Hospitals in non-covered areas and densely populated areas across the nation to enhance access to medical coverage through allocation of KSh 3.2 billion;
viii. Roll out of the third phase of the “Kazi Mtaani” Programme to create employment for over 200,000 youths across the country through an allocation of KSh 10.0 billion;
According to estimates in the 2022 Budget Policy Statement(BPS) presented to parliament in November 2021 and whose theme is Accelerating Economic Recovery for Improved Livelihood, Kenya has a total Budget for 2022/23 financial year, projected at KSh 3.3 Trillion.
The Kenya Government has been allocated KSh 2.075 Trillion, a 64.1% share of the Budget, made up of KSh 2.017 Trillion to the Executive, KSh 38.5 Billion to parliament KSh 18.9 Billion to the Judiciary.
The Budget has allocated KSh 370 Billion to be shared among the 47 County Governments in addition to KSh 37.1 billion in conditional grants.