Breakdown of Kenya Budget 2024-2025
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The 2024-2025 budget for Kenya, presented by the Ministry of National Treasury and Economic Planning, is designed to sustain economic growth and address various sectors with a total budget of approximately 3.9 trillion shillings. Here’s a breakdown of the budget:
Sources of Expected Funds
The budget will be financed through several sources:
-Net Foreign Financing: Ksh 333.8 billion will be sourced from foreign loans and financial aid.
-Net Domestic Financing: Ksh 263.2 billion will be raised through domestic borrowing.
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Allocation in Different Sectors
The budget allocations are distributed across various critical sectors as follows:
· Education: Ksh 656.6 billion is allocated to the education sector to improve educational infrastructure, resources, and access.
· Health: Ksh 127.0 billion is dedicated to healthcare services, including hospitals, medical supplies, and public health initiatives.
· Agriculture and Food Security: Ksh 84.9 billion is earmarked to enhance agricultural productivity and ensure food security.
· Energy, Infrastructure & ICT: Ksh 477.2 billion will be spent on developing and maintaining energy infrastructure, transportation networks, and information and communication technology.
· Environment Protection, Water and Natural Resources: Ksh 110.1 billion is allocated for environmental conservation, water resources management, and natural resource protection.
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· General Economic and Commercial Affairs: Ksh 43.1 billion is dedicated to economic development and commercial activities.
· Interest Payments, Pensions and Net Lending: Ksh 1,213.4 billion is allocated for servicing debt interest, pension payments, and net lending.
· Social Protection and Affirmative Action: Ksh 68.0 billion will support social welfare programs and initiatives for vulnerable groups.
· GJLO (Governance, Justice, Law and Order): Ksh 247.8 billion is allocated to governance, justice, and law enforcement.
· County Shareable Revenue: Ksh 400.1 billion is distributed to counties for local development and services.
· Public Administration & International Relations: Ksh 344.4 billion is earmarked for public administration and foreign relations.
· National Security: Ksh 219.4 billion is dedicated to maintaining and enhancing national security.
Other Initiatives
· The budget also includes initiatives to enhance the viability of public-private partnership (PPP) projects, promote the ICT sector and creative economy, and contain the wage bill through reforms such as the unified human resource information system
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