Ruto Approves Ksh 145.7B Government Spending Cuts in New Supplementary Bill
Ruto Signs Supplementary Appropriations Bill With Ksh 145.7B Expenditure Reduction
In a decisive move aimed at fiscal responsibility, President William Ruto signed the Supplementary
Appropriations Bill on Monday, August 5, sanctioning a Ksh 145.7 billion cut in government spending. The signing ceremony at State House was attended by Deputy President Rigathi Gachagua, symbolizing a unified executive approach to the country’s financial prudence.
Key state institutions, including the Presidency itself, are set to experience significant budget cuts in the 2024/2025 Financial Year, with the offices of the President and Deputy President witnessing a reduction of Ksh 6 billion.
The National Treasury will see its budget trimmed by Ksh 7 billion, while the transport sector, which encompasses crucial road projects, faces a Ksh 17.3 billion reduction in recurrent expenditure. Medical services development projects will also have Ksh 6.9 billion shaved off their allocations.
This legislative action follows the National Assembly’s approval of the bill on July 31, after incorporating several amendments. Budget and Appropriations Committee Chair, Hon. Ndindi Nyoro, highlighted the revised revenue projections, reducing the anticipated budget from Ksh 2.9 trillion to Ksh 2.6 trillion.
The Kiharu MP affirmed that expenditure cuts would be uniformly distributed across all government branches, with the Executive absorbing Ksh 139.8 billion, Parliament Ksh 3.7 billion, and the Judiciary Ksh 2.1 billion. Furthermore, county governments will lose Ksh 20 billion from their equitable share, reflecting the current economic constraints.
Despite these extensive cuts, the bill preserves the Ksh 18.7 billion allocated for converting Junior Secondary School interns to permanent, pensionable status. MP Timothy Kipchumba assured that the confirmation of 46,000 Junior Secondary School teachers and the employment of an additional 20,000 teachers would proceed as planned
ALSO READ:Shock Decision: Governor Kang’ata Removes Entire Audit Committee in Murang’a
Ruto Approves Ksh 145.7B Government Spending Cuts in New Supplementary Bill
