Thursday, 11 June 2020

BUDGET PROVISIONS FOR FINANCIAL YEAR (2020/21) THEME: Stimulating the Economy to safeguard livelihood, stream line jobs and Steer Economic recovery

BUDGET PROVISIONS FOR FINANCIAL YEAR (2020/21)
THEME: Stimulating the Economy to safeguard livelihood, stream line jobs and Steer Economic recovery

✅A total of 369.9 Billion has been dispatched to counties to support Devolution.

✅The government has proposed Ksh 10billion for Youth Kazi Mtaani Program.

✅712million has been proposed for SME's for manufacturing.

✅The government has rolled out a food sustaining strategy meant to develop road map to the post Covid-19 phase as well as beyond 2030.

✅A total of ksh 1.83 Trillion has been proposed to The executive to enhance service delivery and servicing of government projects.

✅The budget also Proposes a 3billion figure for a credit guarantee scheme to help in unlocking finances for small and medium enterprises.

✅An amount of 300m has been allocated to facilitate to the ICT sector to facilitate training and equipping of ICT interns to oversee online learning during this period.

✅ 3Billion has been proposed to help in restructuring of the Tourism sector.

✅The Government has directed all MDAs to clear all pending bills or face serious consequences of the government withholding their exchequer.

✅ Government has promised to reengineer the Government procurement opportunities to the youth, Women and Persons with disabilities.

✅The CS has also proposed an amount of ksh 13.1 billion for pending bills meant for contractors,Suppliers and manufacturers.

✅7.4 Billion has been proposed to improve education by facilitating employment of 10000 interns as teachers,2.1b for classrooms, 1.9b for 250,000 locally made desks.

✅700m for capitation of infrastructure in Arid and Semi arid Lands.(Asals)

✅The finance bill also Proposes introduction of minimum tax to facilitate smooth transition of the economy on the post Covid economic blueprint.

✅1.5Billion for flower and the horticulture industry to help them sustain the industry during The pandemic and also access the international marks on both the current and post Covid phases.

✅4.1billion to support the free maternity government programme.

✅15.1 Billion to the house development program including the affordable housing Agenda by the president.

✅The government has proposed 111.7 Billion for health sector to enhance healthcare stability.

✅Kazi mtaani program to employ more than 200000.

✅18.3 Billion has been set aside for the manufacturing and local industry production.

✅843million for the modernisation of Rivatex to enhance employment opportunities among the youth.

✅18.1 Billion has been spared for the SGR phase 2 program,6.1 Billion for the lapset project and 5.6 Billion for Mombasa Development project.

✅ Government has set aside 167.9Billion for national security agencies to secure the nation.

✅2B has been proposed to hire teachers in addition to the 10000 interns meant for the Economic stimulation program.

✅59.4B for Free day secondary school facilitation has been proposed to factor in Education reengineering.

✅41B has been set aside for the National Government Development fund.

✅150M has been proposed for the Women Enterprise Fund.

✅17.6 Billions set aside for cash transfers to the elderly.

✅400million has been spared for the persons living with disabilities welfare Kitty.

✅ Youth receives 10.2B under the NYS program,2.1B for the KYAP and 359m for the Youth Enterprise development program.

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