Kenya's Finance Minister, Prof. Njuguna Ndung’u, presented the 2024/25 budget, highlighting key fiscal targets and economic forecasts. The budget size is set at KES 3.92 trillion, with total revenue targeted at KES 3.44 trillion. The total expenditure is projected at KES 3.93 trillion, resulting in a budget deficit of 3.3% of GDP. The government aims to finance this deficit through taxes, debt, and net external borrowing. The GDP is forecasted to grow by 5.5% in 2024 and 2025. Total revenue collections are projected to be KES 343.2 billion, equivalent to 18.5% of GDP. The budget includes measures to strengthen economic recovery through agricultural transformation, support for MSMEs, and affordable housing initiatives.
Prof Njuguna Ndung’u: We project total revenue collections to be Ksh 343.2 billion equivalent to 18.5% of GDP. Total expenditure in the financial year 2024-2025 budget is projected at 392 billion. The fiscal deficit for 2024-2025 will be financed by net external borrowing of… https://t.co/vQWtZSsMHl
⚠️ KENYA'S FINANCE MINISTER: TOTAL SPENDING SEEN AT 3.92 TRILLION SHILLINGS IN 2024/25
CS Njuguna Ndung’u: To strengthen economic recovery, the government will accelerate the implementation of policies, programs and interventions in the bottom-up economic transformation agenda. First, enhance agricultural transformation, support MSMEs, provide affordable housing… https://t.co/RJKc4c9s5o
The KES 3.9 Trillion Budget There is increased demand for increased spending or expenditures from the government and that means that either we have to finance that through taxes or debt: CS Njuguna Ndung’u #KEBudget2024 Livestream: https://t.co/M2yOcLpCfz https://t.co/x6GtylljpH
⚠️ KENYA'S FINANCE MINISTER: **GDP FORECAST TO GROW 5.5% IN 2024 ,2025 **BUDGET DEFICIT SEEN AT 3.3% OF GDP IN 2024/25 (JULY-JUNE)
Treasury CS Njuguna Ndung’u: We have one major problem that has 3 phases. There is increased demand for increased spending or expenditures from the government which means that either we have to finance that through taxes or debt. There is limitation and even constraints imposed… https://t.co/MaorbDhXdN
LIVE: The National Treasury CS Prof Njuguna Ndung’u Presents Budget 2024/25 https://t.co/AOdUlE3CiN
CS Njuguna Ndung’u arrives at Parliament for tabling of the Budget 2024/2025 Watch LIVE: https://t.co/M2yOcLpCfz #KEBudget2024 @AmbokoJH https://t.co/1quu2xFL4W
Treasury CS Njuguna Ndung’u and PS Chris Kiptoo pack the budget 2024/2025 into the budget briefcase ahead of the budget reading this afternoon. Follow LIVE coverage of the Budget 2024/2025 here: https://t.co/M2yOcLpCfz https://t.co/3G1MNN5ral
Budget 2024/2025 key numbers Total revenue target for 2024/25 is set at Sh3.44 trillion Total expenditure for 2024/25 is set at Sh3.93 trillion Livestream: https://t.co/M2yOcLpCfz @AmbokoJH https://t.co/Aj77fH6EOz
𝐑𝐨𝐮𝐧𝐝𝐮𝐩 𝐨𝐟 𝐓𝐨𝐩 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 [𝟏𝟑𝐭𝐡 𝐉𝐮𝐧𝐞.]: 1. Today is budget day across East Africa with the respective Finance Ministers expected to read their budgets for the 2024/25 fiscal year. Kenya's budget size excluding redemptions is KES 3.92T. https://t.co/RozDzhvXzB