National Treasury Cabinet Secretary(CS) Njuguna Ndung’u will deliver the 2024/2025 Financial Year Budget Statement on June 13 at 3 p.m.
Ndung’u stated that the statement will be submitted to parliament.
“This is to notify the general public that the Budget Statement for FY 2024/25 will be delivered by the Cabinet Secretary for the National Treasury and Economic Planning on Thursday, June 13, 2024 from 3:00 p.m. in Parliament.”
According to the National Assembly Budget and Appropriations Committee, the government projected a Kes 4.25 trillion budget for the 2024/25 Financial Year, increasing from Kes 3.6 trillion the previous year.
The government’s 2024/2025 expenditure plan shall be shared between Ministries, Departments, and Agencies (MDAs), including allocations for County governments.
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In the Kes, 4.2 trillion budget, the Teachers Service Commission (TSC), transport, housing, education, and security sectors, which play a vital role in our nation's development, are set to receive the largest share in the 2024/2025 financial year reflecting the government's commitment to these sectors.
During the formulation of the 2024 Budget Policy Statement (BPS), the budget committee recommended the National government budget ceiling be approved with the executive being allocated a share of an estimated Kes 2,488,650,300, Office of the Auditor General Kes 8,599,500,000, Parliament Kes 43,623,000,000 and Judiciary Kes 23,690,300,000.
The committee also recommended Kes 391 117,000,000 to be allocated to the County government's Equitable Share.
