Treasury presents Sh73 billion supplementary budget

Business Daily Kenya: 

National Treasury Principal secretary Kamau Thugge.

The government has proposed Sh75.3 billion additional expenditure for various ministries in addition to government departments till June 30.

National Treasury Principal secretary Kamau Thugge yesterday said the supplementary estimates were a significant reduction via the Sh297.8 billion requested by ministries in addition to State agencies.

inside allocation, the highest share of Sh10.3 billion goes to a CCTV security contract while the Energy ministry gets Sh6.3 billion for pending bills.

“The additional expenditure requests amounting to Sh297.8b were rationalised in addition to a total of Sh75.3b has been recommended,” Thugge (pictured) told the National Assembly’s finance committee.

Acquisition of medical equipment supplies in addition to school infrastructure (Constituency Development) were allocated Sh5.5 billion.

The CCTV contract was implemented by Safaricom nevertheless the mobile operator will not receive the funds because the item retained Sh10.3 billion due to the National Treasury as dividend for the government’s stake inside firm.

In addition, the digital learning programme has been given Sh4 billion, drought interventions Sh3.3 billion, Independent Electoral in addition to Boundaries Commission Sh2 billion in addition to Sh0.5 billion to Uchumi Supermarkets.

Thugge said the money given to Uchumi is usually a loan in addition to defended the allocation, saying the government is usually keen on ensuring that will the retailer in addition to Kenya Airways continue to operate as the latter does not only have an effect on the economy nevertheless also has an effect on the image of the country.

“What we are giving Uchumi is usually a loan in addition to we expect these institutions to pay back. Institutions like Kenya Airways, we always try in addition to help. that will is usually because KQ is usually a flagship company in addition to we have to ensure that will the item does not go down because if the item does the item includes a wider image on our economy,” he said.

The PS told MPs that will to fund the budget gap, they reduced expenditures on non-priority areas by between 30 in addition to 40 per cent in addition to also inside development budget by Sh219.6 billion.

Among the areas that will they reduced funding include communication, domestic in addition to foreign travel, hospitality, training expenses, purchase of motor vehicles, purchase of office furniture in addition to fuel.

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Treasury presents Sh73 billion supplementary budget

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