Uhuru approves Sh74.5bn mini budget

March 29, 2014
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The Act indicates the amount each ministry has been allocated for recurrent and development expenditure for the remaining period of the financial year/FILE
The Act indicates the amount each ministry has been allocated for recurrent and development expenditure for the remaining period of the financial year/FILE
NAIROBI, Kenya, Mar 29 – Treasury has received the authority from President Uhuru Kenyatta to withdraw Sh74.5 billion from the Consolidated Fund to finance government operations until the end of the financial year on June 30.

This is after the President signed into law the Supplementary Appropriation Bill (I) 2014 on Saturday that facilitates the removal of the funds.

The Act indicates the amount each ministry has been allocated for recurrent and development expenditure for the remaining period of the financial year.

The Ministry of Energy and Petroleum will receive Sh10.2 billion to help in development of various projects including electric power development, petroleum exploration and distribution.

The Teachers Service Commission (TSC) on the other hand is expected to get Sh17 billion for paying teachers’ salaries until June this year.

The Act also recommends Sh9 billion to cater for the security sector which will be used to pay salaries for police officers, prisons services, cater for immigration services and disaster management.

The Judiciary will be receiving Sh17 billion to finance its activities in the next financial year. However it had requested Sh26 billion but the Budget Committee reduced it while the Bill was being debated on the floor of the House.

The biggest beneficiaries of the mini budget will be the legislatures who will be allocated Sh6 billion to finance their mortgage and car loans.

Each Member of Parliament is expected to get Sh20 million mortgage and Sh7 million car grant repayable before the end their term.

The Bill was presented to the President for his signature by National Assembly Speaker Justin Muturi who was accompanied by Senate Speaker Ekwe Ethuro.

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