NAIROBI, Kenya, May 28 – The National Treasury will deliver the Budget Statement for the 2024–2025 financial year (FY) on June 13, 2024.
Treasury Cabinet Secretary (CS) Njuguna Ndung’u said that the budget statement will be submitted to parliament at 3 p.m.
“This is to notify the general public that the Budget Statement for FY 2024/25 will be delivered by the Cabinet Secretary for the National Treasury and Economic Planning on Thursday, June 13, 2024 from 3:00 p.m. in Parliament,” said CS.
According to the National Assembly Budget and Appropriations Committee chairperson, Ndindi Nyoro, the government projects a Sh4.25 trillion budget for the 2024–25 fiscal year, an increase from Sh3.6 trillion in the previous FY ending June 30, 2024.
The government’s 2024–2025 expenditure plan shall be shared between Ministries, Departments, and Agencies (MDAs), including allocations for county governments.
In the Sh4.2 trillion budget, the Teachers Service Commission (TSC), transport, housing, education, and security sectors are set to set the largest share in the 2024–2025 FY.
During the formulation of the 2024 Budget Policy Statement (BPS), the budget committee recommended the national government budget ceiling be approved, with the executive being allocated a share of estimated Sh2.489 trillion, the Office of the Auditor General Sh8.6 billion, Parliament Sh43.62 billion, and the Judiciary Sh23.69 billion.
The committee also recommended that Sh391.1 billion be allocated to the county government’s Equitable Share.
Nyoro stated that the allocation for the County Additional Allocations was also approved at Sh48.2 billion as per the third schedule, which shall form the basis for the County Government Additional Allocation Bill, 2024.
