National Treasury CS Ukur Yatani will today read the budget statement in parliament for the financial year 2022/2023 . Below is a summary of the budget statement and sector allocations.
UPDATE: We have updated the budget figures for key sectors. We have also attached a pdf of the full statement.
Kenya Budget 2022/2023
The Budget for the financial year 2022/2023 will be read today (7th April 2022) in parliament by National Treasury Cabinet Secretary Ukur Yatani. Normally, the budget in Kenya is read in the month of June of every year. This year’s budget will be read earlier because of the 2022 general elections.
The projected revenue collection is Ksh. 2.4 trillion. Total expenditure is projected at Ksh. 3.3 trillion. while recurrent expenditure is pegged at Ksh. 2.2 trillion with development and allocations to county government taking up Ksh. 715.5 billion.
The fiscal deficit is projected to decline to Ksh. 862.5B equivalent to 6.2% of GDP in the financial year 2022/2023.
2022/20223 Budget Allocations
Summary and breakdown of allocations in figures to t key sectors;
- Education Sector: Ksh 544B
- County Government: Sh370B as equitable share and sh37.1b as conditional allocation (total: sh407B.)
- Security Sector: 317.8B
- Construction of roads and bridges and maintenance: Ksh212B
- Healthcare sector: Ksh146.8B
- Parliament: Ksh 50.2B
- Judiciary: 18.9B
- IEBC: Ksh 21.7B
- Cash transfers to elderly persons: Ksh.17.5B
- Orphans and vulnerable children: Ksh. 7.9B
- Food security programs: Ksh46.7B
- Konza City: Sh5.2B
- Irrigation: Ksh8.5B
- Tourism fund: Ksh 3.2B
- Women Enterprise Fund: Ksh 170M
- National Youth Service (NYS): Ksh13.1B
- Nairobi Bus Rapid Transport (BRT) project: KSh. 1.2B
- Nairobi Metropolitan services (NMS): Ksh200M
- Subsidise farmers: 2.7B
- Persons living with severe disabilities: Ksh.1.2B
Download pdf of the full 2022/2023 budget statement from this page
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