Big Four set to gobble up Sh560 billion in two years
SEE ALSO :Uhuru's tax gamble that enraged KenyansFunding will also include subsidies for secondary school children and will also be used to reform informal healthcare by reducing out of pocket payment for medical services. “To support delivery of UHC, the sector prioritises improving quality of healthcare through continued revamping and expansion of health infrastructure,” said Health Principal Secretary Peter Tum in the Health Sector Working Group Report. “In addition, focus will also be on establishment of centres of excellence in health, health commodity storage centres, new specialized health facilities and laboratories.” The Government has so far allocated the Health ministry Sh92 billion for the 2019 financial year, leaving it with a deficit of Sh126 billion. The funds will also be used to build human resource capacity at all levels of the healthcare system. The Agricultural, Rural and Urban Development Sector Group asked for Sh349 billion to help it realise the Big Four Agenda, but Treasury only allocated it Sh128.3 billion in the three financial years.
SEE ALSO :Drop in banks’ profit denies State Sh69b“Given the resource constraints, the sector has prioritised implementation of the Big Four initiatives within the allocation of Sh40.6 billion, Sh42.7 billion and Sh45 billion in financial years 2019/20, 2020/21 and 2021/22 respectively,” said the report. The sector, which touches on agriculture, land and housing, is a major contributor to the Big Four agenda. Treasury estimates that the country needs at least Sh200 billion every year to finance all the projects under the Big Four agenda. And with the Government running out of borrowing space, it has since sought to enlist the help of the private sector towards President Uhuru Kenyatta’s dream. So keen has the President been on his pet project that amidst dwindling revenues, he froze all new development spending, save for those related to Big Four.