Budget 2020/21 highlights ,what to expect from CS Yatani’s maiden budge

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BY NAMULONGO PETER,NAIROBI,11TH JUNE 2020-Treasury cabinet secretary Ukur Yatani is On Thursday expected to table  the 2020/2021 budget  which slightly lower than that of 2019/20 fiscal year.This years budget  Ksh, 2.73 trillion from last year which was Ksh.2.78 trillion .

According to the estimates of this year’s budget,a total expenditure and net lending includes Ksh.Ksh.1.8 trillion which will be channeled towards  ministerial expenditures while Ksh.549.7 billion account for development expenditures to the respective ministries and state departments (MDAs).

Counties are expected to receive a combined Ksh.369.9 billion including a paltry Ksh.316.5 billion as the equitable share from the national government with the balance being topped by conditional allocations, grants & loans.

Parliament is set to receive a share of Ksh.37.8 billion while the Judiciary settles for Ksh.18.1 billion kitty in the fiscal year commencing July 1.

Debt servicing is expected to gobble up a widened slice of the national cake with the government payment account- the consolidated fund services (CFS) standing in excess of Ksh.1 trillion for the first time in the country’s history.

Debt redemption and interest payments stand at a total of Ksh.904.7 billion with the balance on the first charge account going into pension payments and salaries to Constitutional offices.

The recently announced Ksh.53.7 billion economic stimulus package (ESP) is included in the expenditure plans along with Ksh.127.3 billion as allocations to the drivers and enablers of the big four agenda.

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