The National Treasury and Planning Cabinet Secretary Njuguna Ndung'u will present the 2023/24 budget at Parliament on June 15.
The ministry said in a notice on Friday that the CS will pronounce the budget estimates from 3 pm.
This will be Ndung'u's first budget since he took over the National Treasury last year and comes at a time when the country is in a financial mess.
Ndung'u has already presented to the House the Finance Bill, 2023 in line with the law that he presents the budget after demonstrating how he intends to finance it.
The 2023 Finance Bill seeks to amend various laws relating to taxes and duties with the goal of increasing government revenues from taxes collected.
During the budget day, parliament has no other business plan in the order paper except the presentation of the budget estimates.
This is also President William Ruto’s first budget since getting into power in September last year.
The Kenya Kwanza administration plans to present a budget amounting to Sh3.6 trillion for the financial year 2023/2024, the biggest in history.
The budget has been increased by Sh251 billion from the 2022/23 budget which stood at Sh3.39 trillion.
The government plans to spend Sh2.5 trillion on recurrent expenses and Sh769.3 billion on development.
According to the budget policy statement that was tabled in Parliament by the Budget and Appropriation Committee Chair Ndindi Nyoro, the national government will receive Sh2.25 trillion with devolved units apportioned Sh385 billion.
In the Sh2.25 trillion, Sh2.1 trillion has been allocated to the Executive with Parliament receiving Sh40 billion and Judiciary getting an allocation of Sh22.9 billion.
The government will be forced to borrow Sh 700 billion out of which Sh 198.6 billion will be raised from external sources and Sh521.5 billion from the domestic market.
Kenya Revenue Authority (KRA) has been tasked to collect Sh3 trillion in the financial year 2023/24, up from Sh2 trillion collected in the last financial year, to assist the government to cut on borrowing.
The National Assembly has already approved the 2023 Budget Policy Statement (BPS).
Its approval paved the way for National Treasury to prepare and present to the National Assembly the budget estimates by April 30.
This is in accordance with the Constitution and the Public Finance Management Act.
