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Kupitia ripot ya Tathmini ya Athari za Gharama ya Mpango wa Mabadiliko ya Kiuchumi wa Bottom-Up 2022 hadi 2027', ofisi ya bajeti inakadiria kutumia fedha hizo kutekeleza kikamilifu ilani ya Rais Ruto ndani ya miaka 5 ya muhula wake.
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The Kenya Kwanza campaign clarion call dubbed the bottom-up economic model will cost President William Ruto Ksh.2.67 trillion to fully implement.
The Parliamentary Budget Office, in a report, says some of the financial commitments listed in the Kenya kwanza manifesto were understated and proposed new figures to make the plan a reality within five years.
In Ruto's first year at state house, it will cost Ksh.473 billion to finance the bottom up economic plan…
To transform agriculture, the Kenya Kwanza administration will have to commit at least Ksh.250 billion in five financial years.
The Ksh.50b annual allocation will be used to finance the cost of deploying modern agricultural risk management instruments, raising productivity of key value food chains, as well as revamping of underperforming and collapsed export crops while expanding the emerging one.
On transformation of micro, small and medium enterprises, the budget office projects that it will cost the government up to Ksh.397.7 billion in five years, for all the listed interventions to be successfully implemented.
The President’s manifesto contains a Ksh.250 billion financial commitment for the period of his tenure that runs from financial year 2022/2023 to 2026/2027.
This includes an annual allocation of Ksh.50 billion to the hustler’s fund, that he has publicly stated will be launched on December 1, 2022.
Other expenses include establishment of 290 business development centres, one per constituency, at a cost of Ksh.2 million per centre, equipping 457 TVET institutions at a cost of Ksh.3 million each and construction of 457 industrial parks at an annual cost of Ksh.40 million each.
On housing, the Kenya kwanza government targets delivery of 250,000 affordable units per year and growing the number of mortgages from 30,000 to 1 million through low cost mortgages of Ksh.10,000 and below.
The 5-year plan is to be financed through a commitment of Ksh.250 billion, of which Ksh.50b will be from the government through budgetary allocations and Ksh.200 billion from the pension funds.
The budget office however holds that the Ruto administration will need to allocate at least Ksh.57.9 billion within a five-year period, to unlock Ksh.200 billion from pension funds and the private sector, and an additional Ksh.5 billion to establish the settlement fund.
On universal health care, the budget office estimates that at least Ksh.258.9 billion will be required to make the Kenya Kwanza health plan a reality within five years.
Another Ksh.40 billion will be required to implement the digital superhighway and creative economy strategy, anchored on four key pillars; digital infrastructure, digital government service, product and data management, as well as digital skills, innovation and enterprise….
On provision of quality and adequate road infrastructure, the Kenya Kwanza manifesto makes a financial commitment of Ksh.200 billion, the budget office however estimates that it will cost Ksh.823.3 billion to complete all ongoing national government roads, including settling pending bills estimated at Ksh.140 billion. The figure does not include the cost of constructing new roads.
While acknowledging the role of energy in the country’s economic growth, the budget office notes that the Kenya kwanza manifesto does not expressly indicate the amount of resources that will be devoted to the sector.
The office estimates that Ksh.20.9 billion will be required to light the country and power the industries to successfully finance the education sector in five years, the budget office estimates that it will cost the Kenya Kwanza administration Ksh.635.3 billion.
It also projects the cost of implementing the women agenda at Ksh.12.4 billion, social protection at Ksh.116 billion, governance at Ksh.50 billion while implementation of the environment and climate change plan will cost Ksh.24 billion.
While the budget office has weighed in on the implications of a proposal to slash the 2022/2023 budget by Ksh.300 billion, the president holds that unnecessary expenditure must be removed.
"It is not a simple assignment and neither is it easy to do but I promise you we will do it. We will have to relook at some of the interventions. I have seen reports that we have slowed down on trips abroad and make sure that we are removing the fat from our budget," President Ruto said on Friday.
The budget office projects a Ksh.2.46 trillion revenue in 2022/2023 that will rise to Ksh.4.15 trillion in the 2026/2027 financial year.
The annual public debt management report for financial year 2021/2022 published by the public debt management office at the national treasury indicates that as at June 2022, the national debt had shot to Ksh.8.6 trillion from Ksh.7.7 trillion in the 2020/2021 financial year, an increase of Ksh.891.6 billion.
CITIZEN DIGITAL
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The Kenya Kwanza campaign clarion call dubbed the bottom-up economic model will cost President William Ruto Ksh.2.67 trillion to fully implement.
The Parliamentary Budget Office, in a report, says some of the financial commitments listed in the Kenya kwanza manifesto were understated and proposed new figures to make the plan a reality within five years.
In Ruto's first year at state house, it will cost Ksh.473 billion to finance the bottom up economic plan…
To transform agriculture, the Kenya Kwanza administration will have to commit at least Ksh.250 billion in five financial years.
The Ksh.50b annual allocation will be used to finance the cost of deploying modern agricultural risk management instruments, raising productivity of key value food chains, as well as revamping of underperforming and collapsed export crops while expanding the emerging one.
On transformation of micro, small and medium enterprises, the budget office projects that it will cost the government up to Ksh.397.7 billion in five years, for all the listed interventions to be successfully implemented.
The President’s manifesto contains a Ksh.250 billion financial commitment for the period of his tenure that runs from financial year 2022/2023 to 2026/2027.
This includes an annual allocation of Ksh.50 billion to the hustler’s fund, that he has publicly stated will be launched on December 1, 2022.
Other expenses include establishment of 290 business development centres, one per constituency, at a cost of Ksh.2 million per centre, equipping 457 TVET institutions at a cost of Ksh.3 million each and construction of 457 industrial parks at an annual cost of Ksh.40 million each.
On housing, the Kenya kwanza government targets delivery of 250,000 affordable units per year and growing the number of mortgages from 30,000 to 1 million through low cost mortgages of Ksh.10,000 and below.
The 5-year plan is to be financed through a commitment of Ksh.250 billion, of which Ksh.50b will be from the government through budgetary allocations and Ksh.200 billion from the pension funds.
The budget office however holds that the Ruto administration will need to allocate at least Ksh.57.9 billion within a five-year period, to unlock Ksh.200 billion from pension funds and the private sector, and an additional Ksh.5 billion to establish the settlement fund.
On universal health care, the budget office estimates that at least Ksh.258.9 billion will be required to make the Kenya Kwanza health plan a reality within five years.
Another Ksh.40 billion will be required to implement the digital superhighway and creative economy strategy, anchored on four key pillars; digital infrastructure, digital government service, product and data management, as well as digital skills, innovation and enterprise….
On provision of quality and adequate road infrastructure, the Kenya Kwanza manifesto makes a financial commitment of Ksh.200 billion, the budget office however estimates that it will cost Ksh.823.3 billion to complete all ongoing national government roads, including settling pending bills estimated at Ksh.140 billion. The figure does not include the cost of constructing new roads.
While acknowledging the role of energy in the country’s economic growth, the budget office notes that the Kenya kwanza manifesto does not expressly indicate the amount of resources that will be devoted to the sector.
The office estimates that Ksh.20.9 billion will be required to light the country and power the industries to successfully finance the education sector in five years, the budget office estimates that it will cost the Kenya Kwanza administration Ksh.635.3 billion.
It also projects the cost of implementing the women agenda at Ksh.12.4 billion, social protection at Ksh.116 billion, governance at Ksh.50 billion while implementation of the environment and climate change plan will cost Ksh.24 billion.
While the budget office has weighed in on the implications of a proposal to slash the 2022/2023 budget by Ksh.300 billion, the president holds that unnecessary expenditure must be removed.
"It is not a simple assignment and neither is it easy to do but I promise you we will do it. We will have to relook at some of the interventions. I have seen reports that we have slowed down on trips abroad and make sure that we are removing the fat from our budget," President Ruto said on Friday.
The budget office projects a Ksh.2.46 trillion revenue in 2022/2023 that will rise to Ksh.4.15 trillion in the 2026/2027 financial year.
The annual public debt management report for financial year 2021/2022 published by the public debt management office at the national treasury indicates that as at June 2022, the national debt had shot to Ksh.8.6 trillion from Ksh.7.7 trillion in the 2020/2021 financial year, an increase of Ksh.891.6 billion.
CITIZEN DIGITAL
