4 things you should know about #Budget2015

4 things you should know about #Budget2015

Today is budget day. If you are like most people, this day could come and go without as much as a sideways glance at the TV from you.

It is, however, one of the most important days of the calendar in the life of every Kenyan.

Below are some useful facts about the budget:

You owe Kenya’s creditors 63,690 shillings

With a collective debt of Sh2.675 trillion, 42 million Kenyans owe domestic and foreign creditors a total of 63 63,690 shillings each, according to data from the Quarterly Economic & Budgetary Review for the 3rd quarter of the 2014/2015 year.

In the 2015 economic outlook presented by CS Anne Waiguru in April, the Government fiscal policies in the 2015/16 national budget re-orient expenditure from recurrent to development.

Funds have been slashed for the shrinking tourism sector

Tourism’s budget allocation has been chopped by Sh300 million despite the fact that the sector is struggling to keep its’ head above water following the terror attacks that have rocked the nation.

The sector, which has historically been a large contributor to our gross domestic product, raked in Sh87.1 billion in the last financial year down from KSh94.0 billion over the same period the previous year.

The HR budget has been increased despite Uhuru’s 2014 directive

The 2015/2016 human resource budget has been increased by Sh1.7 billion despite President Uhuru Kenyatta’s directive on the reduction of the ballooning wage bill in April 2015.

Uhuru, who announced that he was taking a 20 per cent pay cut, urged public servants to make sacrifices for the greater good of the country.

His directive seems to have fallen on deaf ears as the allocations for the next financial year have been upped to cater for enhanced salaries for county executives and assemblies.

Jubilee’s laptop project gets Sh17.58

The Jubiliee Government’s laptop project has been allocated Sh17.58 billion, up from Sh17.4 billion in the last financial year.

The laptop project, which was a flagship issue in Jubilee’s election manifesto, was meant to ensure that all children joining class one in public schools would be issue laptops.

The project has, however, not taken off the ground following controversy over the procurement of the devices.

Now you know something, keep it Citizen TV for details on the budget reading.

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