Saturday, May 24News That Matters

Tag: budget2022

Key highlights of 2022/23 Budget
local news, Politics

Key highlights of 2022/23 Budget

The budget is Sh3.31 trillion. This is 4.8 per cent more compared to the Sh2.9 trillion budget for the 2020/21 fiscal year. The Budget comes two months earlier than the usual June date. This is to allow sufficient preparation for the August 9 general elections. The budget will be the last under President Uhuru Kenyatta’s regime. It will cover expenditure for the period between July 1, 2022, to June 31, 2023. The national government will take the biggest chunk of the monies- Sh2.07 trillion. The majority of national government expenditure will go to the Executive – Sh2.01 trillion. Parliament will take Sh38.4 billion. Judiciary will get Sh18.8 billion. County governments will be allocated Sh370 billion as sharable revenue. For more information down...