All eyes on treasury CS Ukur Yatani as he presents to parliament his Sh3.3 trillion 2022/2023 budget

All eyes on treasury CS Ukur Yatani as he presents to parliament his Sh3.3 trillion 2022/2023 budget

BY NAMULONGO PETER,NAIROBI,7TH APRIL,2022-Today, all eyes  are on National Treasury Cabinet Secretary Ukur Yatani as he   presents the   Sh3.3 trillion 2022/2023 budget to parliament.

The expenditures comprise recurrent Shs 2.17 trillion and development of Sh712.0 billion.

The biggest concern will be to see just how the budget will address the skyrocketing prices of basic commodities in the country the situation that has made life unbearable for the common kenyan.

 

Early last month while announcing the budget presentation date, the treasury gave a hint of what to expect.

According to the notice signed by National Treasury PS Julius Muia, the proposals will be centred on enhancing economic resilience and accelerating economic recovery.

It will also focus on improving livelihoods, cushioning vulnerable citizens and generating more employment opportunities.

“The budget will also look at how to fast track implementation of Government priority programmes under the ‘Big Four’ Agenda,” Muia said.

Despite the good intentions, the government has a huge task of generating domestic revenue in order to cut borrowing, with the public debt already above Sh8 trillion.

It is also facing tough demands from the International Monetary Fund (IMF) which saw it introduces VAT on fuel and gas, whose spiral effect has flared up the cost of living

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