FinMin Henry Rotich delivers 2014/2015 budget
Cabinet Secretary for the National Treasury (Finance Minister) Henry Rotich has delivered his budget speech for the 2014/2015 budget. In his budget the Finance Minister announced that the government would increase revenue to KSh 1,757.4 billion with recurrent expenditures at KSh 654.1 billion and development expenditure at KSh 19.2 billion. He also announced that taxpayers would be paying for 87% of the budget with the balance coming from foreign sources.
In the budget there is KSh 255.5 billion allocated for energy, ICT and infrastructure including geothermal development. Another KSh 9.5 billion will be spent on irrigation projects and KSh 2.36 billion for ‘ongoing economic stimulus projects’.
The minister announced that national security was a major government priority and that more money would be allocated to ensure people’s safety.
You can find an eight page budget highlights as well as a link to the full Budget Statement for the Fiscal year 2014/2015 here.