President William Ruto's executive has been allocated Sh2.2 trillion in the government's Sh3.7 trillion budget for the next financial year.
In the 2022-23 budget, the executive was allocated Sh2 trillion out of Retired President Uhuru Kenyatta's Sh3.39 trillion budget.
President Ruto’s administration has proposed a Sh3.6 trillion for the Financial Year 2023-24 with a Sh718 billion deficit to be financed through borrowing.
The Auditor General is set to receive a share of Sh7.6 billion, the Equalization Fund Sh7.8 billion, Conditional Grants Sh44 billion, and the Medical Equipment Scheme an allocation of Sh4.5 billion.
In next year's budget, President William Ruto's government plans to source Sh588.5 billion locally while Sh131.5 will come from international lenders.
The Kenya Revenue Authority (KRA) has been tasked to collect Sh3 trillion in the next financial year up from the Sh2 trillion collected in 2022-23.
In the next financial year, Ruto's government projects to spend Sh3.7 trillion, representing 22 per cent of the GDP.
Of this expenditure, Sh743 billion will be set aside for development programmes while recurrent costs will consume Sh2.5 trillion.
However, the Kenya Kwanza projects to raise Sh2.96 trillion with 2.57 trillion expected to be raised locally.
Grants will bring Sh42.2 billion while the government projects to get Sh348 billion from development in aid.
