President Ruto signs Supplementary Appropriation Bill to law
By Maureen Kinyanjui |
Ruto said the Supplementary Appropriation Bill will unlock resources for catalysing economic performance and enhance the government's service delivery.
President William Ruto on Monday signed into law the Supplementary Appropriation Bill to release funds for government expenditure for the financial year that is ending June 30, 2024.
The Bill was considered and passed by the National Assembly on June 6, 2024, with amendments.
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When signing the bill at State House, Ruto said the Supplementary Appropriation Bill will unlock resources for catalysing economic performance and enhance the government's service delivery.
"The Bill allocates more resources to development, university and secondary education," he said.
The Supplementary Appropriation Bill, 2024 provides statutory authorisation for public spending until the end of the month.
It is based on the Supplementary II Estimates of Expenditure for the current financial year and allocates funds for recurrent and development expenses.
From the bill, University Education has been allocated Sh4.46 billion while Sh1.1 billion will go towards Secondary education.
The Head of State also stated that the Bill reduces the overall budget by Sh132 billion, which according to the President signals the Kenya Kwanza administration's commitment to reducing deficits and debt accumulation.
The Bill also intends to regularise Sh23.67 billion in expenditures under Article 223 of the Constitution, including those granted for emergency interventions.
Recurrent expenditure
Recurrent expenditure has increased on the recurrent budget by Sh51.12 billion which negates efforts by President Ruto's administration to reduce huge wage bills.
Development spending has been redirected to priority areas and reduced by Sh75.29 billion, primarily due to the rationalization of donor-funded programmes.
Consequently, the Bill has reduced the supply by Sh32.5 billion to various votes.
The proposed reduction in overall expenditures encompasses both a reduction in ministerial national government expenditures and Consolidated Fund Services (CFS) expenditures.
The Supplementary Budget II 2023-2024 great focus was put on the heavy El Nino rains experienced in the past three months.
As a result, the Department of Internal Security was allocated Sh3 billion for El Nino disaster management while The Ministry of Roads and Transport will receive Sh1 billion for emergency rehabilitation of roads affected by the floods.
The State Department for Arid and Semi-Arid Areas and Regional Development for humanitarian was allocated Sh4.3 billion to support those affected by floods.
Other approved additional expenditures designed to address El Niño flood responses include Sh 5.3 billion for emergency relief assistance.
The Ministry of Agriculture was allocated Sh3 billion for the fertiliser subsidy programme and Sh1.1 billion for mopping up excess milk through the New Kenya Co-operative Creameries (KCC).
The Kenya Revenue Authority was allocated Sh4.0 billion to boost revenue collection efforts and Sh7.4 for pending bills.
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