Ballin’! Ksh 2.73 Trillion 2020-2021 Budget
What can you do with Ksh 2,730,000,000,000? That’s some serious Ballin’! Well, Finance Cabinet Secretary Ukur Yattani let us know what the state plans to do with our tax money and some cash they borrowed elsewhere. Here’s a summary of the budget. We’ve highlighted Key pillars: Health, Education, Food Security, Industries & Debt management.
To support the recovery of Small and Medium Sized businesses (SMEs) that have been negatively affected by COVID-19, the State shall gazette the list of goods for local procurement to support the Buy Kenya Build Kenya Initiative.
Ksh 5 billion has been set aside for rehabilitation of access roads and bridges across the country.
Ksh10 billion has been set aside for the Kazi kwa Vijana programme.
Ksh 300 million set aside to recruit 1,000 ICT interns to support digital learning in schools.
Health Care: Sh111.7 billion allocated to the health sector. Ksh 50.3 billion has been set aside for ‘universal health care’ in all counties.
Ksh1.2 billion set aside for the recruitment of health workers for a period of one year. Ksh 500 million to go to the supply of beds and beddings to hospitals.
Ksh 500 million has been allocated for the supply of 20,000 locally made beds and beddings to public hospitals.
Ksh 25 million to support the establishment of 50 modern walk-through sanitizers in border points and main hospitals across the country.
Agriculture: Sh3 billion set aside to subsidise farm inputs and Sh1.5 billion for flower and horticulture farmers to access international markets.
Local Industries: Sh18.2bn allocated to the support of local industries, Sh3bn for Ndongo Kundu Economic Zone
Ksh 52.8bn for nutritional and food security.
SGR: Sh18.1 billion for SGR Phase Two development and Sh5 billion for Mombasa Port development.
Education: Sh59.4 billion for free day secondary education and another Sh1.8 billion for school feeding programmes. Sh94.9b to support university education.
Deficit: CS Yatani says Fiscal deficit to decline in 2020/21 Financial Year to Sh840.6 billion from Sh842.7 billion in the previous Financial Year.
Debt: Treasury says the public debt is sustainable and the government will opt for ‘concessional borrowing’.Public projects to be funded through Public-Private Partnerships.
*For the comprehensive budget see National Treasury.