The Kenyan parliament has passed the budget estimates for the Financial Year 2023/24, the biggest in the country’s history amounting to Sh3.679 trillion (24billion euros). 

This estimate has been passed ahead of President William Ruto’s first budget reading since he won the presidency last year.

Sh2.1 trillion was allocated to the Executive, Sh40 billion to the Parliament, and Sh22.9 billion to the Judiciary and Judicial Service Commission. 

To finance the budget, taxes have been proposed for imported goods such as fish, beauty products, and gambling. 

Additionally, a payroll levy set at 1.5%, initially 3% has been introduced to finance a low-cost housing program. 

The draft budget for the upcoming year has reinvigorated the public’s criticism of President William Ruto, as it does not address the climbing cost of living they have experienced in recent months. Elected in August 2022 as the herald of the “resourceful” little people, The President is being condemned for his inability to mitigate or prevent the steep price increases seen in Kenya, especially after the elimination of fuel and maize flour subsidies.

The new budget has been met with criticism from the opposition coalition Azimio over rising cost of living and Kenya’s public debt amounting to $65 billion or 67% of GDP. 

The discussion of the budget was additionally marred by opposition MPs leaving the room in protest of the implementation of the budget and to express their disagreement with the text and timetable.

Kenya’s Lawmakers Pass Biggest Budget in Country’s History

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