Kenyans Await Largest Budget in History
Kenya is preparing for the reading of the 2.1 trillion Kenyan shillings national budget for the financial year 2015/2016 come tomorrow, Thursday 11th June, 2015.
In less than 24 hours, Kenyans will know how the government plans to raise and use 2.1 trillion for the 2015/16 financial year budget. With a 17 per cent increase from that of the fiscal year 2014/2015, the government according to the treasury is planning to will focus on economic growth and sustainable development.
Our writer, Loyce Odo went out on the streets found out what most Kenyans expect. Moses Kuria, an accountant was mainly concerned with the rise in the cost of living, “I expect a large percentage of the budget to be steered towards security. This is because we have had a lot of terrorist attacks in the past. I also expect a bigger portion to serve the capital expenditure, that being roads and health facilities. I would also wish for the price of basic commodities like flour to go down and that of alcohol to increase. Lastly, the government should really look into enhancing basic education.”
Top on this year’s budget is security. According to reports, the sector will receive increased allocation of resources. Already 112.5 billion Kenya shillings has been put aside for military security and another 102.4 billion Kenya shillings for the internal security.
For tourism, the kitty is a 6billion allocation, while agriculture which is still considered the backbone to the Kenyan economy, the government is said to set aside 79.2 billion Kenyan shillings in order to increase food security.
Our teachers on the other hand can smile as education will receive 335.7 billion Kenyan shillings and the health sector will get 59.2 billion Kenyan shillings.
Over 50billion is going to energy, 13billion for roads and 14 billion for the standard gauge railway development.
Last year the government forked out 1.8 trillion Kenyan shillings to be used in the financial year.
