The National Treasury has proposed a reduction in the national government expenditure by about Sh6.4 billion for the year ending June 2023.
This is according to figures contained in the second supplementary estimates for the 2022/23 financial year and which are currently before the National Assembly awaiting debate and approval.
The proposed figures, according to the supplementary estimates, comprises a reduction of Capital Expenditure by Sh39 billion, an increase in recurrent expenditure by Sh7.6 billion and an increase in Consolidated Funds Services (CFS) by Sh24.8 billion.
The second Supplementary Estimates for 2022/23 seek to provide additional resources for drought related interventions, Junior Secondary School (JSS) capitation, security operations related interventions, salary adjustments and development partner funded projects.
It also seeks to rationalize the budget and align it with the revised Macro Economic and Fiscal Framework.
The tabling of the estimates follows a meeting held by the National Assembly’s Select Committee on Budget and Appropriations chaired by Kiharu MP Ndindi Nyoro which this week began receiving submissions from various departments over the proposed figures.
The committee engaged with chairpersons of departmental committees on the Supplementary Estimates II.
While chairing the committee, Nyoro lauded the move to bring overspending and underspending of State resources to a close while minimizing the accrual of pending bills.
“The purpose for this second Supplementary Estimates for the Financial Year 2022/23 is to align entirely government expenditure and revenue so that we end the year with realistic figures and support the state departments that are in dire need, before the end of June, 2023,” said Nyoro.
The chairpersons who appeared before the Committee include Kariuki George Macharia (Transport & Infrastructure), Kangogo Bowen (Blue Economy & Irrigation), Vincent Musyoka (Energy) and James Gakuya of the Trade, Industry & Cooperatives committee.
Other committee chairpersons who appeared before the team included Dr Robert Pukose (Health), Gabriel Tongoyo (Administration & Internal Affairs), John Kiarie (Communication, Information & Innovation) and Julius Melly of the Education and Research committee.
The Budget and Appropriations Committee is expected to finalize the engagements, write a report and table it in the House for consideration.
This will enable the affected Ministries, Departments and State Agencies (MDAs) implement the changes before the close of the current financial year.
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