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Sports14 June 2024 - 17:58

How 2024/2025 budget looks like

Budget reading was done on June 13, 2024

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by The Star
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How 2024/2025 Budget looks like

President William Ruto's government has drastically cut on debt dependency for its Sh4 trillion budget starting July 1.

The administration is, however, instituting painful tax measures to raise revenues.

The budget presented on Thursday in Parliament by National Treasury CS Njuguna Ndung'u shows the government will borrow only Sh597 billion to fill the budget deficit for 2024-25, almost Sh400 billion less compared to the current financial year.

The agricultural sector has been allocated Sh54.6 billion to ensure steady food and nutrition while health will take the lion's share at Sh127 billion.

Ruto's government has allocated Sh92.1 billion to housing while the digital superhighway goal has been handed Sh16.3 billion.

The government has allocated Sh5 billion credit for small traders under the Hustler empowerment programme aimed at creating job opportunities.

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