President William Ruto signed the Supplementary Appropriation Bill No. 2 for the fiscal year 2024/25 into law this morning, enacting significant adjustments to the national budget.
The bill outlines a reduction in spending by Kes 145.7 billion, with Kes 139.8 billion cut from the Executive’s budget, Kes 3.7 billion from Parliament, and Kes 2.1 billion from the Judiciary. The reductions include Kes 105.0 billion from development expenditure and Kes 40.0 billion from recurrent expenditure.
Key carryovers from the 2023/24 budget include Kes 13.5 billion for the Constituency Development Fund and Kes 23.8 billion for pension liabilities.
Despite the cuts, the bill retains Kes 18.7 billion for the confirmation of all Junior Secondary School interns into permanent and pensionable terms, as well as Kes 3.7 billion for the medical internship program.
State House emphasized the importance of these allocations in supporting essential educational and healthcare services across the country.