Treasury Cabinet Secretary Njuguna Ndung’u tabled the 2023/2024 budget before parliament on Thursday, June 15.
The Education sector is set to benefit more from the budget with an allocation of Ksh. 630 billion which is 27.4 per cent of the budget.
Moreover, the amount for Junior Secondary Schools has increased to Ksh.25.5 billion from Ksh.15 billion.
The Higher Education Loans Board’s allocation has also increased to Ksh 30 billion from Ksh.15 billion.
The National Government health services have been allotted Ksh 141 billion with additional funds allocated to counties.
Likewise, road construction has been allocated Ksh.250 billion with priority given to the completion of stalled and ongoing projects.
Ksh.5 billion has been allotted to the Fertilizer Subsidy Program, and Ksh.25 billion allocated to clear debts for unpaid oil subsidies.
In addition, Ksh.3 billion has been allocated to complete the construction of 181 markets whose construction stalled in 2008.
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Ksh 4.7 billion will go to counties as conditional grants to establish 47 aggregation and industrial parks.
Furthermore, Ksh.3 billion has been allotted for 6 Export Processing Zones Industrial Parks as part of efforts to increase creation of employment, reduce post-harvest losses, boost processing, marketing, and distribution of agricultural products.
Additionally, the government has allocated funds to hire 20,000 teachers and Technical and Vocational Education and Training (TVET) trainers as well as the operationalization of 21 KMTC campuses and hiring additional lecturers and staff.
Nevertheless, the Hustler Fund has been allocated Ksh.10 billion to support entrepreneurial endeavors.
The budget also provides capitation for the Public Service Commission to double the number of interns from 4,000 to 8,000, each earning a monthly salary of Ksh.25,000.
Ksh.5 billion was allocated to the School Feeding Programme.
The budget is estimated at Ksh.3.6 trillion.
