Top 3 biggest allocations in Yattani's Sh2.75T budget

Breakdown of Kenya's 2020/2021 budget

Treasury CS Ukur Yattani when he read the 2020/2021 budget at the National Assembly

Treasury CS Ukur Yattani on Thursday read Kenya's budget for the 2020/2021 fiscal year at the floor of the floor of Parliament.

The top three items on the budget by monetary allocation were Recurrent Expenditure at Sh1.8 trillion, Development Expenditure at Sh584.9 billion and the Counties at Sh316.5 billion.

The expenditure will include the recent Sh53.7 billion economic stimulus package (ESP) announced by President Uhuru Kenyatta to mitigate the effects of Covid-19 on the economy.

CS Yattani has also made a historic Sh1 trillion allocation to debt servicing through consolidated fund services (CFS) which is a first in Kenya's history.

Parliament and Judiciary arms of government were allocated Sh37.8 billion and Sh18.1 respectively.

Distribution of Sh53.7 billion ESP

The agricultural sector was allocated Sh4.5 billion to go towards subsidies on inputs and support in international markets.

To mitigate the effects of Covid-19 on tourism, CS Yattani proposed a waiver of parking and landing fees at airports, relaxed rules against holding meetings at hotels for state officers and provision of soft loans for renovations. A total of Sh5 billion was allocated to the industry.

In the environment sector, Sh1 billion was allocated to flood control and Sh850 million to ASAL areas.

Manufacturing was allocated Sh600 million toward the support of locally assembled vehicles and Sh712 million to SMEs within the manufacturing industry.

Key Priorities of the 2020/2021 budget

President Kenyatta's Big Four Agenda received a Sh128.3 billion allocation that will be distributed as follows:- Housing (Sh15.4 billion), Manufacturing (Sh18.3 billion), Food Security (Sh52.8 billion) and Health (Sh111.7 billion).

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

7.5 million Kenyans vaccinated as 32 test positive for Covid-19

7.5 million Kenyans vaccinated as 32 test positive for Covid-19

The life of a President's Aide de Camp explained [Video]

The life of a President's Aide de Camp explained [Video]

Ex-Mwingi Central MP Joe Mutambu involved in grisly road accident

Ex-Mwingi Central MP Joe Mutambu involved in grisly road accident

Fire incident reported at Maranda High School

Fire incident reported at Maranda High School

River Enziu disaster: Uhuru condoles with victims' families, warns motorists against crossing swollen rivers

River Enziu disaster: Uhuru condoles with victims' families, warns motorists against crossing swollen rivers

Sonko announces Sh250,000 reward for stolen furniture

Sonko announces Sh250,000 reward for stolen furniture

Update: Death toll rises to 24 in Kitui river bus tragedy

Update: Death toll rises to 24 in Kitui river bus tragedy

Germany's Chancellor Merkel bows out in style [PHOTOS]

Germany's Chancellor Merkel bows out in style [PHOTOS]

Expect internet services from Kenya Power

Expect internet services from Kenya Power