Sharp Daily
No Result
View All Result
Wednesday, June 25, 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

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 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

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How Kenya can compete with global employment markets

June 24, 2025

Why Athi River deserves your investment

June 24, 2025

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 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