National Treasury Cabinet Secretary Ukur Yatani is ready to present the 2022/23 budget highlights to the Parliament
14.34: The CS steps outside the treasury building for a photo session before proceeding to the Parliament buildings.
14.40: The CS gets into a car and is driven to Parliament.
14.45: The CS makes his way at the Parliament buildings
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14.50: The CS pauses for a photo with MPs Gladys Wanga and Kanini Kega.
14.51: The CS is joined by Central Bank governor Patrick Njoroge for a photo before making his way to the chambers.
14.52: CS escorted to the chambers in the company of other state officers including CSs.
15.11. National Assembly Justin Muturi calls the house to order and welcomes the CS
15.12: CS makes opening remarks.
Early presentation of the budget is in line with the EAC Member States agreement that the budget should be presented on the same day.
Ukur Yatani: Big 4 agenda anchored on Vision 2030. Remarkable achievements made.
The budget prioritises concerns raised by Kenyans including the high cost of living, unemployment and income inequality brought about by the effects of Covid -19.
Ukur Yatani: Covid-19 slowed down the realisation of the Big4 agenda. IMF’s economic recovery plan is fully on track. Aims to scale the Covid-19 response and support governance reforms.
The plan focused on Kazi Mtaani for the youth, the education sector for CBC transition ahead of junior school enrollment. Establishment of three new level three hospitals and supporting livelihoods of farmers within sugar belt.
Owner revenue collection increased from Sh0.8 trillion to Sh2 trillion.
Poverty levels have declined significantly. Police reforms have improved the ratio of police to citizens to 1:460.
The government increased road connectivity with 10,500 km of tarmacked roads. Completion of SGR has eased movement with over 6.5 million passengers have used Madaraka express so far.
The government has tripled power production with 3,900 megawatts. So far 8.3 million Kenyan households are connected to electricity.
The government has allocated Sh3. 0 billion to cushion farmers under subsidised fertilizer programme and fully digitalized lands registry.
Before Covid-19 struck, the tourism sector had reported an income of Sh163 billion with over 2 million tourists having arrived in the country.
The Numbers however declined due to covid-19.
Hospital bed capacity across the country has increased to 82,000 beds with the Linda Mama initiative having reduced maternal deaths to 26 per cent.
The government has put policies in place to guide the treatment of cancer. This includes the establishment of the National Cancer Institute, Cancer centres and supporting 10 referral hospitals for chemotherapy.
Reforms in the education sector have seen the number of primary schools increase to 32,437 and secondary schools increase to 10,213.
As a result, the transition from primary to secondary school has increased from 64 per cent to 100 per cent with plans for the first group to join junior schools well on course.
So far 52 Huduma Centres have been installed across the country and 27.2 million Kenyans served. This has generated Sh81.2 billion in revenue.
There exists a Sh383 billion liquidity gap in state-owned agencies.
KQ facing severe financial constraints. They must trim networks and rationalise the frequency of flights
The 15 per cent Kenya Power tariff reduction brought relief to customers.
So far 7 primary mortgage lenders have disabused Sh2billion under affordable housing with another Sh7 billion being prepared for disbursement.
The Capital Markets Act will be amended to have more investment advisors.
Pension management systems to be launched with a National pension policy to focus on retirement benefits for public servants.
Motorcycles and three-wheelers to take insurance covers for passengers
The government aims to increase forest cover to the 10 per cent target. Sh10.2 billion was allocated for conservation efforts and water towers.
There will be a 12-month relief for unclaimed assets.
The economy grew by 7.6 per cent in 2021. The Sh3.3 trillion budget focuses on the economic recovery and well-being of Kenyans.
Sh146 billion allocated to support health programmes including UHC and Covid-19 management.
Affordable housing allocated Sh27.7 billion.
Nairobi Metropolitan Services allocated 318 million for urban modification and cater for the construction of footbridges.
To support large scale production of staple food, Sh46.7 billion allocated.
Sh500 million allocated for livestock improvement.
Climate 147 million for climate-smart agriculture.
Sh1.1 billion has been allocated to the processing of title deeds and the digitalisation of lands registry.
Some Sh18.5 billion allocated for the expansion of SGR.
Sh212.5 billion allocated to support the construction of roads and bridges as well as their rehabilitation and maintenance.
Sh18.5 billion allocated for the development of the Standard Gauge Railway Sh1.1 66 billion for Railways Metro Lines Sh439 million for rehabilitation of locomotives; and Sh264 million for the development of ERP system for SGR.
To support the production of reliable and affordable energy, I propose a total of Sh91.5 billion excluding the provisions set aside under the big Four
The security sector allocated Sh317.8 billion to support operations of the National Police Service, Defence and the National Intelligence Service.
Education allocated Sh544.4 billion to support free primary education, teacher recruitment, and examination fee waiver among other programmes. Sh4 billion set aside for CBC infrastructure.
Out of the proposed allocation, Ksh 12.0 billion will cater for Free Primary Education; Sh2.5 billion for recruitment of teachers, Sh64.4 billion for Free Day Secondary Education including insurance under NHIF for secondary school students, Sh5.0 billion for the examinations fee waiver for grade six, class eight and form four candidates.
Economic inclusion programme to elevate Kenyans from poverty, Sh39.5 billion has been allocated for social protection.
To empower the youth and support businesses owned by youth, women and persons living with disabilities some Sh13.1 billion has been allocated for NYS, Sh2.2 billion for the Kenya Youth Empowerment and Opportunities Project and Sh175 million for the Youth Enterprise Development Fund.
Constituency Development Fund allocated Sh2.1 billion for the National Government Affirmative Action Fund as well as Sh7.1 billion for the Equalization Fund to finance programmes in previously marginalized areas.
To support sports development and tourism recovery, Sh15.8 billion has been allocated for the Sports, Arts and Social Development Fund, Sh3.2 billion for the Tourism Fund, Sh1.8 billion for the Tourism Promotion Fund and Sh125 million for the refurbishment of the regional stadia.
For improving governance and sustaining the fight against corruption, Sh3.6 billion allocated to the Ethics and Anti-Corruption Commission, Sh3.4 billion for the Office of the Director of Public Prosecutions, Sh8.4 billion for the Criminal Investigations Services and Sh6.4 billion for the Office of the Auditor-General.
Some Sh50.2 billion has been allocated to Parliament and sH18.9 billion to the Judiciary.
With regards to the funding of the 2022 General Elections, Sh22.9 billion has been allocated in the current 2021/22 financial year and proposed a further allocation of Sh21.7 billion in the 2022/23 financial year to the Independent Electoral and Boundaries Commission (IEBC).
County Governments will receive a proposed allocation of Sh370.0 billion as an equitable share in the financial year 2022/23. This represents 27.3 per cent of the most recent audited and approved revenue raised nationally.
Government Ministries, Departments and Agencies (MDAs) and County Governments are directed to clear all their pending bills by June 30, 2022.
The proposed tax measures contained in the Finance Bill, 2022 are expected to generate an additional Sh50.4 billion to the exchequer for the FY 2022/23 budget.
Proposed to provide more incentives to the sector by exempting from VAT plant and machinery for use by manufacturers of pharmaceutical products.
Proposes to exempt from excise duty eggs for hatching imported by licensed hatcheries upon recommendation by the responsible Cabinet Secretary.
Proposes to introduce excise duty of 15 per cent on fees charged by all television stations, print media, billboards, and radio stations for advertisements of gambling, gaming and alcohol addiction.
The CS confident that the government has made the right decisions that will accelerate the pace of economic growth.
16.58: The CS makes closing remarks and leaves the Parliament chambers.
