supplementary budget Stories
The Sh12 billion cut comes as the Treasury adjusts allocations to cope with rising debt repayment obligations and lower-than-expected tax collections.
The National Treasury has now revised the allocation down to Sh632.3 million from Sh702.3 million, just days before the end of the financial year.
Treasury Cabinet Secretary John Mbadi says the government collected Sh2.2 trillion against a target of Sh2.5 trillion, resulting in a revenue gap of S...
The Teachers Service Commission has been allocated Sh17 billion, making it the largest recipient of the additional funds.
The supplementary budget, tabled in the National Assembly, increases Kenya's total budget for the financial year ending June to Sh3.56 trillion from S...
Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...
In the Supplementary Budget, total revenues have been revised from the original projection of 18.5 to 17.5 per cent of Gross Domestic Product (GDP)
In the last nine months, land rates recorded the highest collection of Sh2.6 billion, Single Business Permit (Sh1.8 billion), parking fees (Sh1.5 bill...
Controller of Budget Margaret Nyakang'o explained that some projects lost funding or had their budgets cut because they did not follow the Public Fina...
