Kenya unveils Ksh2.26t budget

By Ruth Mutegi

The government has Wednesday unveiled a 2.26 trillion shillings national budget.

The men in uniform will now have better places of abode after National Treasury Cabinet Secretary announced that this year the government will be prioritizing construction of 20,000 housing units in partnership with Shelter Afrique for the officers.

The government has also allocated the Independent Electoral and Boundaries Commission 19.7 billion shillings for next year’s elections.

The poor state of housing for Kenya’s men in uniform has been under scrutiny for many years.

Wednesday the government seemed to have taken into consideration the long awaited step in ensuring that those who guard the country from both internal and external threats are safe.

The IEBC has been allocated 19.7 billion shillings to adequately prepare for the polls even as the country awaits the resolution on the stalemate surrounding the electoral body.

Rotich has also proposed that the Central Bank of Kenya  be given powers to prosecute cases involving banks that violate the banking Act as the penalties for the violations rose five times to a 20 million fine even as the government moves in to streamline the sector that has been marred with cases of gross mismanagement.

All state agencies will also be required to establish internal audit committees starting next month to ensure efficiency and to strengthen audit and procurement processes.

This year the government has allocated 2 billion shillings as subsidy for KCPE and KCSE exam fee.

The government will also develop regulations aimed at guiding counties on raising their own revenues in order to fund their budgets.

This is in addition to counties sharing out 280.3 billion shillings in the next financial year.

But while treasury has allocated the 2.2 trillion shillings to various sectors, the question has been on how the government intends to fund the budget.

The Kenya Revenue Authority will have to tighten its noose as the revenue collection target has now been raised to 1.5 trillion shillings up from 1.3 trillion shillings.

The Tax Procedure Act will also be amended to give KRA more powers.

  

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