Sharp Daily
No Result
View All Result
Thursday, May 15, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Lawmakers Increase CDF, NGAAF By Ksh 10Bn In Next FY Budget

Dennis Otsieno by Dennis Otsieno
March 16, 2023
in News
Reading Time: 2 mins read
Budget

[Photo/ Courtesy]

Members of Parliament are set to reap big with the increase of the National Government Constituencies Development Fund and National Government Affirmative Action Fund by more than Kshs10 billion beginning July.

The Budget and Appropriation Committee has proposed that CDF be allocated a maximum of Kshs53 billion from the current Kshs44 billion. For women representatives, the amount is set to increase from the current Kshs2 billion to Kshs3 billion.

BAC chairperson and Kiharu MP Ndindi Nyoro said the increase in the NG-CDF and NGAAF is to enable the lawmakers to take care of the needs of their constituents.

The Budget and Appropriation Committee has further set budget ceilings for President William Ruto’s office at Kshs8.1 billion, Deputy President Rigathi Gachagua’s office at Kshs4.6 billion while Prime Cabinet Secretary Musalia Mudavadi’s office budget has been capped at Kshs2 billion.

RELATEDPOSTS

Kenya’s moral commitment amid the rising refugee population

May 12, 2025

Kenya’s import cover hits 5.1 months as forex reserves surge

March 19, 2025

The budgets for the three top offices have been slashed by Kshs8.3 billion to Kshs14.7 billion, way below the Sh23 billion allocated to the presidency in the current budget.

Read: Controller Of Budget ‘Forced’ To Transfer KSh 15.5 Bn Before Elections

Funding for the Judiciary will also increase to Kshs22.9 billion from the current Ksh18.9 billion. Parliament has been allocated a maximum of Ksh40.4 billion from the Sh38.8 billion, which was allocated this financial year. MPs have also resolved that county governments’ equitable share be approved at Kshs385.4 billion.

The National Assembly has further resolved that the country’s borrowings to fund the budget deficit would be balanced at 50 percent each for external and domestic sources.

In line with the shift of policy which saw the police budget set aside from that of the Internal Security and National Administration, the National Police Service has been allocated Kshs107 billion.

This has seen the Cabinet Secretary Kithure Kindiki-led Interior department remain with Kshs28.6 billion as its budget for the next financial year.

The Defence ministry’s budget has been pegged at Kshs171 billion, which translates to Kshs40 billion more compared with the current year’s provisions.

The education budget is set to increase by Kshs33 billion in the provision of Kshs27 billion for TVET, Kshs116 billion for higher education, and Kshs134 billion for Basic Education. The increment is separate from that of the Teachers Service Commission whose budget has also been increased by Kshs30 billion to peak at Kshs322 billion.

The Kiharu MP Ndindi Nyoro-led committee said the additional allocation aligned with the President’s pledge. The recommendations of BAC are contained in its report on the Budget Policy Statement.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Wooing Kenyan Audiences Key To Growing Kenyan Art

Next Post

Waste-To- Energy- A Double Solution

Dennis Otsieno

Dennis Otsieno

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Retirement planning for non-salaried workers with CPRBS

May 14, 2025

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Why Kenya must rebuild it’s textile legacy

May 14, 2025

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024