Budget - The Standard

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Budget

MCAs approve Sh10b budget for next fiscal year

The report indicated that the estimates put into consideration the recovering Kenyan economy after the effects of Covid-19 pandemic that hit the globe in 2020.

By Titus Too 25 days ago

MCAs approve Sh10b budget for next fiscal year

Eye on development: Mombasa, Kitui shine on project funding

Eye on development: Mombasa, Kitui shine on project funding

By Patrick Kibet 1 month ago

Counties splash billions on salaries, perks amid rising wage bill

Counties splash billions on salaries, perks amid rising wage bill

By Frankline Sunday 1 month ago

Fred Matiangi, James Ongwae clash over passage of Kisii county's Sh12 billion budget

Fred Matiangi, James Ongwae clash over passage of Kisii county's Sh12 billion budget

By Eric Abuga 1 month ago

Safe house: Ensure every coin is accounted for

The safe house will be used to accommodate Kenyan migrant workers who seek refuge from inhumane treatment by their employers.

By Editorial 1 month ago

Safe house: Ensure every coin is accounted for

Auditor General queries use of taxpayer funds in donor projects

Report shows discrepancies between funds disbursed and those contained in financial statements.

By Frankline Sunday 1 month ago

Auditor General queries use of taxpayer funds in donor projects

Controller issues fresh warning on public debt, calls for restructuring

The public debt stock is projected to be Sh8.6 trillion by the end of this month, against the current debt ceiling of Sh9 trillion, which MPs recently pushed to Sh10 trillion.

By Patrick Kibet 1 month ago

Controller issues fresh warning on public debt, calls for restructuring

Audit now exposes grand wastage in Sh3.4t 2021 budget

Auditor General flags ministries and State agencies that have mismanaged public resources. Amid the rot, suppliers and contractors are owed billions of shillings in pending bills.

By Patrick Alushula 1 month ago

Audit now exposes grand wastage in Sh3.4t 2021 budget

More than half of counties had opaque budgets in 2021 - study

The survey evaluates level of budget transparency across all the 47 counties. Migori and Isiolo most opaque as Nyeri, West Pokot, Elgeyo Marakwet came top.

By Lydiah Nyawira 2 months ago

More than half of counties had opaque budgets in 2021 - study

Treasury in trouble for Sh165b backdated expenditure

The National Treasury is on the spot for flouting public finance regulations.

By Frankline Sunday 3 months ago

Treasury in trouble for Sh165b backdated expenditure

Quiet Easter: Having fun in tight times

Times are tough, the soaring cost of living and fuel woes might mean you found yourself with limited options this weekend.

By Esther Muchene 3 months ago

Quiet Easter: Having fun in tight times

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

The actual budget is slightly over Sh4 trillion translating into over Sh1.6 trillion budget hole, assuming we collect all the projected revenues.

By Patrick Muinde 3 months ago

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

From jobs to the kitchen, we're back to 2002 pain

Uhuru administration’s appetite for borrowing has pushed taxes high, making essential commodities unaffordable.

By Billow Kerrow 3 months ago

From jobs to the kitchen, we're back to 2002 pain

2022: BBI and the Budget

We may be dismayed by our unhygienic politics, but we cannot get enough of its drama. It supersedes everything. No fuel? Noise for a couple of days! SIM re-registration? It will pass by Easter!

By Denis Kabaara 3 months ago

2022: BBI and the Budget

Why Kenya’s total budget adds up to a record Sh4.05 trillion

Allocations for repayments of public loans have perennially been left out of the Budget in past financial years.

By Dominic Omondi 3 months ago

Why Kenya’s total budget adds up to a record Sh4.05 trillion

Yatani faulted for leaving out Sh4.5bn teacher training funds

Ukur Yatani did not indicate whether the increment would factor in Teachers Professional Development (TPD) training costs.

By Augustine Oduor and James Wanzala 3 months ago

Yatani faulted for leaving out Sh4.5bn teacher training funds

Bunge Chronicles: Yatani put up a good show just to tell us how broke we are

Bwana Ukur Yatani could use a song to announce Budget Day, our annual reminder that Kenya is hopelessly broke, despite suggestions that we are well on our way to the first world.

By Brian Otieno 4 months ago

Bunge Chronicles: Yatani put up a good show just to tell us how broke we are

Ukur Yatani’s Sh3.3 trillion budget not pro-mwananchi, after all

Maize flour, wheat flour and cassava flour to attract 16 per cent VAT, a move that will further worsen cost of living. Excise duty on cosmetic and beauty products increased to 15 percent.

By Dominic Omondi 4 months ago

Ukur Yatani’s Sh3.3 trillion budget not pro-mwananchi, after all

How Ukur Yatani failed agriculture in its hour of need

Sector that is critical to country’s food security received lower Budget allocation compared to last year. More than three million Kenyans are facing hunger due to the prevailing drought.

By Macharia Kamau 4 months ago

How Ukur Yatani failed agriculture in its hour of need

After budget let MPs consider lot of 'mwanainchi'

The Budget is silent on any proposal to bring down the cost of living and has instead sought increased taxes on even basic items such as juice and water.

By Samuel Njogu 4 months ago

After budget let MPs consider lot of 'mwanainchi'

Cost of living to go up as vital goods face taxation

Maize flour, wheat flour and cassava flour to be removed from tax-exempted category, to attract 16 per cent VAT. Excise duty on cosmetic and beauty products increased to 15 percent.

By Dominic Omondi 4 months ago

Cost of living to go up as vital goods face taxation

Why prices of essential commodities are not falling anytime soon

For instance, the spike in essential commodities prices such as cooking oil, steel bars, and wheat can be attributed to high cost of products or raw materials in the foreign markets.

By David Kabata 4 months ago

Why prices of essential commodities are not falling anytime soon

Budget boost for public-private partnerships

PPPs create room for greater finance and resource mobilization for projects off balance sheet.

By Daniel Mutegi Giti 4 months ago

Budget boost for public-private partnerships

Budget process needs to be more open than this

By the time we were going to press, no journalist, analyst, lawmaker, or ordinary Kenyan in the street knew where a critical document known as Finance Bill was.

By Editorial 4 months ago

Budget process needs to be more open than this

Last budget show Uhuru spending beyond means

On Thursday the Cabinet Secretary for Treasury, Ukur Yatani, delivered the Jubilee administration’s last budget. The budget was vintage Jubilee. The revenue projections were too rosy to be achievable.

By Ken Opalo 4 months ago

Last budget show Uhuru spending beyond means

Boost for Sports as Ministry gets increased allocation in National Budget

There is new hope for Sports after The Treasury on Thursday proposed the allocation of Sh15.8 billion to the Sports, Arts and Social Development Fund for the upcoming financial year 2022-2023.

By Odero Charles 4 months ago

Boost for Sports as Ministry gets increased allocation in National Budget

Education ministry to hire teachers after getting Sh544b

More teachers will be hired and additional classrooms constructed as the Ministry of Education received an allocation of Sh544.4 billion.

By James Wanzala 4 months ago

Education ministry to hire teachers after getting Sh544b

Debts to take Sh6 of every Sh10 collected from taxes

For every Sh10 that will be collected as tax, Sh6 will be used to repay loans starting July this year, highlighting life of a country that is living beyond its means.

By Patrick Alushula 4 months ago

Debts to take Sh6 of every Sh10 collected from taxes

Ukur Yatani goes big on ‘sin’ taxes

Treasury CS Ukur Yatani is proposing to raise taxes on various services and products, including alcohol and cigarettes.

By Patrick Alushula 4 months ago

Ukur Yatani goes big on ‘sin’ taxes

Police, National Intelligence Service get more cash

The National Police Service and Prisons has in this year’s Budget received Sh122.2 billion that will help in matters related to internal security.

By Kamore Maina 4 months ago

Police, National Intelligence Service get more cash

Yatani delivers safe exit Budget for Uhuru, avoids major tax measures

National Treasury CS Ukur Yatani yesterday presented a Budget that tried to avoid antagonising an already enraged public grappling with high cost of living

By Dominic Omondi 4 months ago

Yatani delivers safe exit Budget for Uhuru, avoids major tax measures

Arrest of activist, Raila ‘the fifth’ chants mark Budget day

Mr Yatani outlined new tax measures to fund trillion shilling budget. The debate was interrupted by the arrival of ODM leader Raila Odinga.

By Josphat Thiong’o 4 months ago

Arrest of activist, Raila ‘the fifth’ chants mark Budget day

SGR gets more funds in bid to ease congestion

The government plans to expand the SGR network while reviving the old railway lines and locomotives as it seeks to ease transportation in urban areas.

By Macharia Kamau 4 months ago

SGR gets more funds in bid to ease congestion

State to spend Sh212 billion on roads as it seeks more private sector capital in infrastructure

The government will continue to spend heavily on infrastructure as it seeks to cement President Uhuru Kenyatta’s legacy of mega projects.

By Macharia Kamau 4 months ago

State to spend Sh212 billion on roads as it seeks more private sector capital in infrastructure

We'll handle cost of living situation as it unfolds, says Yatani

Unlike the two previous budgets where Treasury introduced extensive relief measures to cushion Kenyans against increasing cost of living, this Budget somehow steered away from this.

By Graham Kajilwa 4 months ago

We'll handle cost of living situation as it unfolds, says Yatani

Sh63.9b to tame food insecurity, climate disaster

Farmers have received a major boost after Treasury Cabinet Secretary Ukur Yatani allocated an additional Sh2.7 billion to the fertiliser subsidy programme.

By Jennifer Anyango 4 months ago

Sh63.9b to tame food insecurity, climate disaster

Small-scale tea farmers' reaction to Ukur Yatani budget

Small-scale tea farmers in the country are a relieved lot following the 2022 budget.

By Nikko Tanui 4 months ago

Small-scale tea farmers' reaction to Ukur Yatani budget

Jobs to go as KQ heads for major restructuring

Yatani says KQ will be required to trim network, rationalise frequency of flights and reduce staff.

By Graham Kajilwa 4 months ago

Jobs to go as KQ heads for major restructuring

Treasury allocates Sh21.7b to IEBC for poll preparedness

It is all systems go for the IEBC after the National Treasury allocated it Sh21.7 billion in the financial year 2022-2023.

By Grace Ng’ang’a 4 months ago

Treasury allocates Sh21.7b to IEBC for poll preparedness

Budget for the elderly, the disabled and orphans up Sh2 billion

The government has set aside Sh39.5 billion to protect the elderly, orphans and vulnerable children, persons living with disabilities and other vulnerable groups.

By Peter Theuri 4 months ago

Budget for the elderly, the disabled and orphans up Sh2 billion

State to spend Sh30b on stimulus programme

Youth unemployment is increasingly gaining the desired attention from the government as 5.1 million new jobs were created in the last financial year.

By Moses Omusolo 4 months ago

State to spend Sh30b on stimulus programme

SMEs get Yatani's financial boost with enhanced credit facilities

Small businesses emerged as one of the big beneficiaries of this year’s Budget as the government strives to ease access to finance.

By Esther Dianah 4 months ago

SMEs get Yatani's financial boost with enhanced credit facilities

Projects under Big Four Agenda get Sh147 billion

Projects being implemented under the Big Four Agenda will get a shot in the arm after the National Treasury set aside Sh147b.

By Macharia Kamau 4 months ago

Projects under Big Four Agenda get Sh147 billion

Judiciary to get Sh75b, will run its own funds

The Judiciary has a reason to smile after Treasury Cabinet Secretary Ukur Yatani announced it will now operate its own fund.

By Kamau Muthoni 4 months ago

Judiciary to get Sh75b, will run its own funds

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