Business & Financial News

Kes450.9Bn to fund Kenya’s Big Four in the 2019/2020 Fiscal plan

In the 2019/2020 draft budget policy statement, the treasury projects Kenya's economy will grow by 6.2 per cent in 2019 mainly driven by agricultural production and improved activity in the manufacturing sector. ... 24.8 per cent of the total expenditure will go to development projects

Get real time updates directly on you device, subscribe now.

The Kenyan government plans to spend at least Sh450.9 billion to fund President Uhuru Kenyatta’s Big Four agenda in the next financial year, a Sh50 billion increase from the current fiscal year. This means that key drivers of the Big Four agenda will receive Sh76.7 billion while enablers will get Sh374.1 billion.

Manufacturing will be given Sh96.6 billion with key priority areas being support to small and medium enterprises (SMEs), industrial research and construction of industrial parks.

Universal Health Coverage (UHC) is expected to consume Sh47.8 billion, which also includes donor funds.

Treasury has allocated Sh6 billion for scaling up the programme. Currently, the UHC is piloting in Kisumu, Nyeri, Isiolo and Machakos counties.

Other programmes being targeted under health include managed equipment services (Sh6.2 billion), vaccines and immunisations (Sh3.3 billion) and conditional grants to Level Five hospitals (Sh4.3 billion).

The government will pump in another Sh3.2 billion for health cover for the elderly and the severely disabled.

Affordable housing will receive Sh11.4 billion, with Sh5 billion going towards the national housing development fund.

Get real time updates directly on you device, subscribe now.

Comments
Loading...
Financial Fortune Media
Social Media Auto Publish Powered By : XYZScripts.com