In a significant move, President William Ruto has today signed the Supplementary Appropriation Bill No. 2 for the fiscal year 2024/25 into law. The bill, which underwent rigorous parliamentary scrutiny, aims to reallocate funds and streamline government spending.
Here are the key highlights from the final numbers:
- Spending Reduction:
- The total spending has been reduced by Kes 145.7 billion.
- The Executive accounts for Kes 139.8 billion of this reduction, while Parliament and the Judiciary contribute Kes 3.7 billion and Kes 2.1 billion, respectively.
- Allocation Breakdown:
- Kes 105.0 billion is allocated for development projects.
- Kes 40.0 billion is earmarked for recurrent expenses.
- Carryovers from 2023/24:
- The Constituency Development Fund (CDF) retains Kes 13.5 billion.
- Pension liabilities amounting to Kes 23.8 billion are also carried over.
- Retained Funding:
- State House confirms that Kes 18.7 billion will be used to convert all Junior Secondary School interns into permanent and pensionable terms.
- Additionally, Kes 3.7 billion remains allocated for the medical internship program.
- Universal Health Coverage (UHC):
- The bill further supports UHC by funding contract workers and Community Health Promoters.
President Ruto’s decisive action reflects the government’s commitment to fiscal responsibility and efficient resource utilization. As the country navigates economic challenges, these adjustments aim to enhance transparency and accountability in public expenditure.
