The President confirmed that the National Treasury will contribute part of the funds, with the remainder to be provided by investors.
A five judges bench constituted to hear and determine the petitions on a priority basis will be holding a sitting on the day.
The mission, consisting of observers from EAC partner states, will be in Rwanda for the better part of this week and next week.
President William Ruto has announced an intended 40 per cent salary increase for officers in the National Police Service (NPS), National Youth Service (NYS), and Kenya Prisons Service over the next three years.