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Kenya: Sharp Division Emerge On the Financing of Sh4tn Budget Presented By Treasury
Capital FM, 14 June 2024
Deep divisions have emerged over the fiscal year 2024/2025 financial budget, with Opposition MPs vowing to dismantle the funding strategies encapsulated in the Finance Bill 2024. Read more »
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Kenya: Agricultural Sector Among Big Winners in New Budget
Capital FM, 14 June 2024
Kenyan farmers are among the big winners in the just-released 2024-2025 budget that was read yesterday by the National Treasury. Read more »
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Kenya: Hustlers Fund Gets an Additional Sh5bn in 2024/2025 Budget
Capital FM, 14 June 2024
The government has announced a significant enhancement to the 'Hustlers' Fund by an additional Sh5 billion in a move anchored on addressing the accessibility to affordable credit… Read more »
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Kenya: Govt Plans to Borrow More to Bridge Budget Deficit
Capital FM, 13 June 2024
The Kenyan government plans to borrow Sh263 billion from the domestic market to help finance the Sh3.92 trillion budget for the fiscal year running from June 2024 to July 2025. Read more »
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Kenya: Massive Increase As Sports Fund Allocated Ksh 16.5 Billion in 2024/25 Financial Year
Capital FM, 13 June 2024
In President William Ruto's second year in government, Treasury has allocated Ksh 16.5 billion to the sports industry for the financial year 2024/25 read by Cabinet Secretary Prof.… Read more »
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Kenya: Treasury Proposes Sh657bn Education Budget
Capital FM, 13 June 2024
Treasury has proposed that Sh657billion be allocated to the Education sector in the 2024/25 Financial Year. Read more »
Deep Divisions As Kenya Govt Plans to Borrow Billions for Budget
The Treasury Cabinet Secretary Njuguna Ndung'u has announced the government's intention during the 2024-2025 Budget reading in Parliament. In addition to domestic borrowing, the government is projecting to secure Sh333.8 billion in foreign debt.
Opposition MPs are criticizing the Budget, with Minority Leader Opiyo Wandayi arguing that it fails to address the persistent Budget deficit, resulting in excessive borrowing and heavy taxation.
