The Departmental Committee on Finance and National Planning, chaired by Kuria Kimani, convened with the Controller of Budget, FCPA Dr. Margaret Nyakang’o, to assess the National budget’s execution for the initial half of the fiscal year 2023/24.
In a revealing session, Dr. Nyakang’o reported that the net exchequer issues to both National and County Governments stood at Kshs. 1.44 trillion.
This figure represents only 33.7% of the revised annual net estimates, falling short of the anticipated 50% for the mid-year mark.
The current disbursement is a slight increase from the Kshs. 1.37 trillion allocated during the same period in the previous fiscal year.
Tax revenue also saw a dip, achieving 42.1% of the Kshs. 2.5 trillion target, a decrease from the 46% attained in the corresponding period of FY 2022/23.
The report highlighted a disparity in fund allocation, with recurrent votes receiving the lion’s share at 85.2% of total exchequer issues, while development votes lagged at a mere 4.9%.
Notably, six departments surpassed the 50% threshold of their budget allocation. The State Department of Internal Security and National Administration received 51.1%, the Office of the Registrar of Political Parties 75.4%, the Witness Protection Agency 59%, and the Independent Electoral and Boundaries Commission (IEBC) 50.1%.
Additionally, the State Department for Performance and Delivery Management was allocated 83.3%, and State House received 59.6%.
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