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Kenya's budget over 1 Trillion Ksh...Finance Minister Githae reads budget.

Discussion in 'Kenyan News and Politics' started by Ab-Titchaz, Jun 14, 2012.

  1. Ab-Titchaz

    Ab-Titchaz Content Manager Staff Member

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    [​IMG]





    By NATION Reporter
    Posted Thursday, June 14 2012 at 15:04



    Finance Minister Njeru Githae's budget highlights:



    • Kenya's economy on good growth curve.
    • CBK monetary policy will be geared to bringing down inflation to single digits.
    • Sh17.5bn to the IEBC to conduct a transparent and credible election
    • Development of roads, energy essential to sustain growth and enhance regional development. Sh268.1bn for various infrastructural projects.
    • Sh233.1bn towards education; additional recruitment of 10,000 teachers. Sh480m for computers in schools.
    • Sh3.8bn for Free Primary Education
    • Sh1.1bn for bursary to cater for bright, needy students. Sh300m towards provision of sanitary towels to girls from poor families.
    • Affordable health care to all Kenyans. Sh12.3bn to expand health services.
    • Sh1.6bn for strategic grain reserves to ensure our population does not go hungry.
    • Sh3bn towards constitutional reforms
    • Sh1.8bn to resettle IDPs
    • Youth Development Enterprise Fund - Sh500m and Women Development Enterprise Fund Sh 450m .I urge youth to venture into businesses.
    • We expect additional resources from Amisom to complement the defence budget.
    • Private sector is key driver of growth. We will expand markets through regional integration and support SMEs.
    • 79bn to the Energy Ministry. Sh1.45bn towards completion of urban commuter railway from airport to central railway station.
    • Sh1.4bn to purchase motor vehicles to boost police work. Sh 300m for setting up National Police Commission and Oversight Authority to ensure efficiency of the Police Force.
    • Measures to implement electronic filing of the Registry at the Land Ministry and other government departments involved in the registration business.
    • KRA will be modernised with a view to setting up Customs Services as an independent entity.
    • Road blocks and weigh-bridges will be removed or reduced to a bare minimum to ease movement of goods.
    • Sh1bn to Nacada to enforce the Mututho Law to fight drug abuse.
    • Sh 900m for cash transfers to the elderly

    Githae's budget for Kenya*- News*|nation.co.ke
     
    Last edited by a moderator: Jan 4, 2016
  2. Delta4

    Delta4 Senior Member

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    Mr. Moderator - Puleezz!!

    It is not a 1Trillion Kenya Shilling Budget; it is in fact a 1-and-half-Trillion Kenya Shilling Budget -

    Ksh1,490,000,000, 000 or roughly .Usd 18.7 Billion!!


    That half-trillion Kenya Shillings you have (probably intentionally) omitted in your titled post is not a typo, man.

    That is a substantively different statement, bana!!

    Factual, tafadhali.
     
  3. Ab-Titchaz

    Ab-Titchaz Content Manager Staff Member

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    I believe my typo is miniscule as compared to the one's UK made while he was in the Finance house....:tongue:

    Meanwhile the highlights of the budget can be found here....

    Ministry of Finance
     
  4. Ab-Titchaz

    Ab-Titchaz Content Manager Staff Member

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  5. zomba

    zomba JF-Expert Member

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    Good.

    How much of it will go to fight Muslims in Somalia? To me the budget seems very low.
     
  6. Ab-Titchaz

    Ab-Titchaz Content Manager Staff Member

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    Soma hapa mkuu,

    Budget speeches more rhetoric than reality


    Updated 5 hrs 41 mins ago

    By NJIRAINI MUCHIRA


    The unveiling of the 2012/2013 budget marks the start of another vicious circle in which the Government raises the hopes of Kenyans, but ultimately crashes them.


    Coming at a critical moment when the country is gearing for a transitional General Election after which the governance structures will assume an all-new setup, Githae did his best not to rock the boat.

    But going by past experiences, finance ministers have in recent years become notorious in unveiling budget statements with lots of promises, but which are rarely implemented to the letter.

    When Githae's predecessor, Deputy Prime Minister Uhuru Kenyatta, unveiled the 2011/2012 Budget last year anchored on the theme of building resilience and sustaining inclusive growth for a prosperous Kenya, the popular consensus revolved around the fact that the Budget would solve immediate challenges whilst ensuring sustained economic growth.

    But a year down the line, most of Uhuru's promises have either fallen flat, have not been implemented or have ultimately been ignored as succession politics took centre-stage and the International Criminal Court (ICC) became a distraction.

    In his budget, Uhuru projected the economy would continue on a positive growth trajectory building on the recovery path it had assumed following the 2007/2008 post-election violence. In 2010, the gross domestic product (GDP) growth stood at an impressive 5.6 per cent, up from 2.6 per cent in 2009 and 1.5 per cent in 2008.

    According to Uhuru's projections, in 2011, GDP growth was expected to register a marginal slowdown due to numerous shocks to 5.3 per cent. This projection, however, crash-landed as economic growth recorded a significant decline to 4.4 per cent according to the 2012 Economic Survey.

    Unspent billions

    Though the Government is wont to claim the substantial drop in growth was largely due to factors beyond its influence, yet again various projects outlined in the 2011/2012 Gudget where not implemented forcing several ministries to return unspent billions of shillings to the Treasury.


    According to the 2012 budget policy statement, a staggering Sh102 billion allocated for various projects was not spent ostensibly because of lengthy procurement processes.

    For instance, Uhuru allocated billions of shillings for various infrastructure projects but little has been achieved as far as implementation is concerned.

    A case in point is the construction of the standard gauge railway line from Mombasa to Malaba with a branch to Kisumu.
    While Uhuru allocated Sh3.3 billion as mobilisation fund to initiate the project's implementation, controversies over the procurement of a contract to undertake a feasibility study have grounded the project.

    This has even forced the Ministry of Transport to take over the project from the inept Kenya Railways Corporation.

    "The purpose of the project was to reduce the ever increasing cost of transport within the region, facilitate faster and cheaper movement of freight and passengers and enhance competitiveness, while saving on our newly rehabilitate road network," said Uhuru.


    Uhuru also allocated Sh5.6 billion to the Rural Electrification Programme to facilitate supply of power from the national grid to 460 trading centres and 110 secondary schools, among other public facilities countrywide but these projects are yet to be implemented.

    On the issue of oil and oil products importation that continues to gulp a huge chunk of the country's import bill and is a cause of high cost of basic products, Uhuru revealed that taskforce had been constituted to review and advise on the best reform options to address the challenges associated with the importation, refining, storage, transportation and distribution of fuel.

    To date nothing has been heard about the taskforce or its findings and recommendations.

    But probably the area that Uhuru's budget was centered on, besides infrastructure, was agriculture.


    Uhuru committed about Sh100 billion to various agricultural projects ranging from irrigation schemes, fish farming, and provision of water to arid and semi-arid areas as well as livestock farming, among others whose object was to ensure food security.

    A year down the line most of these projects are yet to take off and Kenya continues to depend on the unpredictable rain-fed agriculture for food production.

    Jobless youth

    In his budget, Uhuru also emphasised on the issue of youth unemployment and how it remains a time bomb if not addressed. To tackle youth unemployment, he allocated funds for various programmes like the Kenya Youth Empowerment Project, sports programmes, digital villages, business process outsourcing and increased allocations to the Youth Enterprise Development Fund.


    But these programmes have achieved little in empowering the youth, something that makes them vulnerable to manipulation by politicians.

    Standard Digital : Business : Budget speeches more rhetoric than reality
     
  7. zomba

    zomba JF-Expert Member

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  8. Delta4

    Delta4 Senior Member

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    The War inside Somalia, among (wote ni wa-Islamu!!) various Somalians faction or AMISOM against Al-shabaab, is not a Religious War that you are so fixated upon - ati War against Moslem!!?? Hamna chochote kama hicho. Historia ya vita dani ya Somalia iko waazi - hebu fanya research kidogo ujielemishe wewe mwenyewe.

    Tena, Budgeti ya Kenya kuhusu mambo ya Usalama kwa mwaka 2012 ni:-

    Ksh.66 Billion (Tsh.1,228 Billion) kwa Jeshi la Kenya Polisi - all formations,

    Ksh.13 Billion (Tsh.242 Billion) kwa Jeshi la National Intelligence NSIS - All Directorates

    Ksh.71 Billion (Tsh.1,335 Billion) kwa KDF - Navy, Air, Land and Special Forces

    La msingi ni kuelewa ya kwamba Budgetary Statements are forceful Declarations of Intent, which road-map National activity towards an identified goal; Budgetary Statements consequently are not Bible Truths from which any deviations, for whatever reasons, are anathemas.

    Ndo hivyo, basi, some content of the hasty analysis rolled out here of Kenya 2012 Budgetary Statements are not only very shallow but entirely sanctimonious and without merit - of last year's Ksh1.35 Trillion, it is established fact that Budgetary Provisions to the sum Ksh.100 Billions (pls validate your info Mr. Moderator - easy to do, wacha porojo joo!!) was not absorbed for reasons that are documented, and non-insidious too.

    Ni hiyo tuu!
     
  9. zomba

    zomba JF-Expert Member

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    Hivi wewe, kuna sababu zaidi ya dini kwa Wakenya kuingizwa kwenye vita na wasomali?
     
  10. p

    peter tumaini JF-Expert Member

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    • Sh233.1bn towards education; additional recruitment of 10,000 teachers. Sh480m for computers in schools.
    • Sh3.8bn for Free Primary Education
    • Sh1.1bn for bursary to cater for bright, needy students. Sh300m towards provision of sanitary towels to girls from poor families.
    • Affordable health care to all Kenyans. Sh12.3bn to expand health services.
    • Sh1.6bn for strategic grain reserves to ensure our population does not go hungry.


    these are the points where the poor Kenyans can enjoy out of the presented budget

     
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