National Assembly Finance and National Planning Committee chair Gladys Wanga, Treasury CS Ukur Yatani and Chairman of the Budget Appropriations Committee Kanini Kega outside parliament buildings on April 7, 2022. [Elvis Ogina]

 

Kenyans’ focus on Thursday will be on Treasury Cabinet Secretary Ukur Yatani as he reads the country’s Sh3.31 trillion budget.

Treasury CS Ukur Yatani outside parliament buildings on April 7, 2022. [Elvis Ogina]

 

Yatani's motorcade left the Treasury building along Harambee Avenue for Parliament at 2.38 pm under tight security.

Treasury CS Ukur Yatani enters his car before he left the Treasury building along Harambee Avenue for Parliament under tight security. [Dennish Ochieng]
Treasury CS Ukur Yatani's motorcade as it left the Treasury building along Harambee Avenue for Parliament under tight security. [Dennish Ochieng]

 

 

This year’s budget is being read two months earlier than its traditional June date to allow for the MPs to approve the expenditure ahead of the August 9 General Election.

Treasury CS Ukur Yatani joined by Senior Treasury and parliament officials outside parliament buildings on April 7, 2022. [Elvis Ogina]

 

The event is also significant as it will be the last budget under President Uhuru Kenyatta’s administration.

Treasury CS Ukur Yatani flanked by senior Treasury officials outside the Treasury offices on April 7, 2022. [Elvis Ogina]

 

Treasury CS Ukur Yatani joined by Senior Treasury at his office on April 7, 2022. [Elvis Ogina]

 

 CS Yatani targets to raise Sh2.14 trillion in taxes and turn to lenders to plug the deficit by borrowing Sh846.1 billion.

ODM leader Raila Odinga arrives at Parliament Buildings ahead of the budget reading on April 7, 2022. [Elvis Ogina]

 

Treasury will be tasking the KRA to collect Sh2.14 trillion as ordinary revenues, being Sh341.1 billion more than the Sh1.8 trillion that the taxman was tasked to collect in the current financial year.