Tuko news. The Suba South MP noted it the government would soon be back in the assembly to seek a supplementary budget. Christ is the Answer Ministries. Out of this amount, KSh 50 billion will be for UHC drivers and enablers, KSh 19,2 billion for lowering HIV, Malaria and Tuberculosis, KSh 5.3 billion to transform health care systems and KSh 4,1 for free maternity care. The best news website in kenya and africa ... 2020 2021 budget 2020 2021 BUDGET. https://taxwise-consulting.com/wp-content/uploads/2019/08/taxwise-consulting-logo.png, https://taxwise-consulting.com/wp-content/uploads/2020/06/budget-4.jpg, Copyright | All Rights Reserved © 2012-2019, Appeals and Stay of Execution following TAT Decisions, TaxAlert| Analysis Finance Act 2020 Kenya, Coca Case Judgement Analysis- Treatment of exported services, Revised – Kenya -India Double Tax Agreement. The Ministry of Transport Infrastructure came second with an allocation of Ksh189.5 billion. KSh 13 billion would be used as seed capital for cheap loans to small businesses. Treasury CS Ukur Yatani allocated KSh 128 billion for the president's legacy initiative which should be realised before the end of his term in 2022. Photo: UGC.Source: UGC. Education, health, manufacturing sector, youths, small businesses, farmers and infrastructure are among greatest beneficiaries of the 2020/2021 budget. Kenya 2020/2021 Budget highlights. East Africa: 2020-2021 budgets (Kenya, Uganda, Tanzania) East Africa: 2020-2021 budgets The Finance Ministers of the East African Community (EAC) member countries of Kenya, Uganda, and Tanzania presented their budgets for 2020-2021. A total of KSh 15 billion was allocated for rehabilitation of roads, footbridge and the ongoing Kazi Mtaani programme which targets to benefit over 200,000 youths. The Swahili publication reports on the government proposal to impose taxes on basic goods such as maize flour, milk and eggs in a bid to finance the 2020/2021 budget. Photo: UGC.Source: UGC. He will be presenting a Ksh2.7 trillion budget whose Ksh1.8 trillion expenditures far outweigh the projected meager revenues of Ksh1.6 trillion. The Star newspaper for June 12. 7 billion. The move is seen as punitive measure that would adversely affect the livelihood of vulnerable families and individuals who have already been overwhelmed by the current situation. The Government of Kenya intends to finance the FY 2020/21 budget through two main sources; taxes and public debt. According to Mbadi, the budget was too ambitious considering the current crisis brought about by COVID-19 pandemic and it would be difficult for the government to sustain it. Posted June 22, 2020. The publication looks at the varied views expressed by lawmakers, policymakers and financial analysts regarding the viability of the 2020/2021 budget as tabled by CS Yatani. Prof. Magoha’s allocation of Ksh504 billion overshadows his colleagues which totals Ksh364.6 billion. If the proposal would be adopted by MPs, a packet of Maize flour (2kg) currently retailing at KSh 120 would shoot to KSh 136 for instance. During budget reading on Thursday, June 11, Yatani said key focus would be on enhancing health coverage, improving food security and living conditions through affordable housing. The KSh 111.7 billion allocated for the health sector will be extensively used to enhance the president's Universal Health Coverage programme. 7 billion, out of which KSh 7.4 billion will be used for the construction of classrooms and hiring of 11,000 intern teachers. The losers in the 2020/2021 budget include beer makers and consumers, digital businesses, steel and iron firms, which will now be taxed more. 2020/2021 East Africa Budget Analysis 2020/2021 East Africa Budget Analysis On 11 June 2020, the Finance Ministers of the East African Community (EAC) member countries, with the exception of Rwanda, continued the tradition of the synchronised presentation of their respective budgets. Latest News.

62 billion more than what is proposed in the draft budget estimates for FY 2020/2021. Coop Bank finances Metrotrans Sacco fleet of 45 new buses, Gen.Mwathethe appointed KENGEN Plc Chairman, Pres. Health, which is a critical sector at this time the country is battling coronavirus pandemic, received KSh 111. The State Department of University Education is expected to get Ksh113.3 billion while the State Department of Early Learning and Basic Education will get Ksh100.8 billion. Ruto's big political gamble Wilfred Ayaga and Jacob Ng'etich; As part of the supplementary budget, KES. Uhuru has remained steadfast to ensure the Big Four agenda becomes a reality despite the challenges brought about by the outbreak of COVID-19. Interior and Coordination of National Government Cabinet Secretary Dr. Fred Matiang’i was allocated Ksh131.6 billion, Treasury was given Ksh116.9 billion while the Health Cabinet Secretary Mutahi Kagwe was allocated Ksh111.7 billion. According to the breakdown by the daily, education has been allocated KSh 497. by Melissa Oduor | Jun 10, 2020. In Articles, News. 0.

The 2020/2021 Budget (Herein referred to as the Budget) was read by CS Ukur Yatani on the 11 th of June 2020. The budget allocated to the Ministry of Education demonstrates the priority President Uhuru Kenyatta has given Prof. Magoha’s docket. Watch Live. Of the country’s Ksh2.7 trillion budget, Ksh349.7 will be financed through foreign debt Ksh473.6 billion using local debt. The newspapers on Friday, June 12, have widely and extensively focused on Kenya's 2020/2021 budget as presented by Treasury Cabinet Secretary Ukur Yatani. National Treasury Cabinet Secretary Ukur Yattani is expected to present the 2020/21 budget to Parliament tomorrow, June 11. The newspapers on Friday, June 12, have widely and extensively focused on Kenya's 2020/2021 budget as presented by Treasury Cabinet Secretary Ukur Yatani. The government also unveiled the post-COVID-19 Economic Stimulus Programme worth Sh53.74 billion. Photo: UGC.Source: UGC, Do you have a hot story or scandal you would like us to publish, please reach us through news@tuko.co.ke or WhatsApp: 0732482690 and Telegram: TUKO news. UGCSource: UGC. The current Budget is unique and differs from prior year budgets for the following reasons Read Full Analysis.

176 billion or KES. This falls short of the ideal 15%. READ ALSO: COVID-19: Woman whose lungs were damaged by virus gets double transplant in historic 10-hour surgery. The Finance Bill 2020 outlines the revenue raising measures that the government plans to use to finance itsits budget through introducing new taxes or enhancing existing taxes targeting a wider base. Kenya gears up for 2020/2021 National Budget proposal reading. taxwise. The Standard newspaper for June 12: Photo.

I married a man every woman wanted - Pastor Joan Chege | Tuko Talks | Tuko TV. According to sources, Education Cabinet Secretary Prof.George Magoha will be taking the biggest share of the budget with a Ksh504 billion allocation. Pres. Daily Nation newspaper for June 12. John Kinuthia, the lead researcher at the International Budget Partnership (IBP) concurred with Mbadi noting it would be very difficult for the government to raise the projected KSh 1.66 revenue collection considering the prevailing situation that has seen companies shut down and thousands of employees laid off. By taxwise. READ ALSO: Maria actor Luwi's girlfriend defends him after screenshots claiming he is a con leaked online, Kenyan newspapers for June 12. Kenyatta National Hospital will receive KSh 15 billion, Moi Teaching and Referal Hospital (MTHR) KSh 10 billion and Kenya Medical Research Institute will receive KSh 7,7 billion. The daily has focused on the losers and winners in the KSh 2.7 trillion budget. While Majority Leader Aden Duale and a host of Jubilee MPs praised Yatani's maiden budget as good presentation that was well balanced despite the prevailing tough economic times, his minority counterpart John Mbadi expressed reservation. Kenya’s 2020/2021 budget is currently estimated at Sh.2.733 trillion for the total expenditure and net lending with recurrent expenditure accounting for Sh1.8 trillion while development spending accounts for the balance of Sh584.9 billion. Leave your email to receive our newsletter, Get the news that matters from one of the leading news sites in Kenya, Drop your mail and be the first to get fresh news, Nakuru: Police arrest suspects making tomato sauce without using tomatoes, Kenyan rapper Sosuun breaks up with hubby Kenzrazy over toxic in-laws, Man detained for threatening mass shooting if Biden becomes president, Joe Biden apata ulinzi zaidi huku akiendelea kuongoza kura, Woman catches lover cheating after he sent her selfie on snapchat, Uhuru can't wish reopening of ICC cases even on his worst enemy, David Murathe, Esma Platnumz praises Zari's cooking, says Diamond's other women always bought food, Top Kenyan newspapers headlines and reviews, There is hope: Covid-19 patient whose lungs were damaged by virus gets double transplant. The money would also be used to expand irrigation and help horticultural farmers access international markets. National Treasury Cabinet Secretary Ukur Yattani is expected to present the 2020/21 budget to Parliament tomorrow, June 11. Kenyatta joins Anglicans to celebrate 50 years, A Ministry of CITAM - Taifa Leo newspaper for June 12. The 2020/2021 Budget (Herein referred to as the Budget) was read by CS Ukur Yatani on the 11 th of June 2020. Out of this amount, KSh 1,7 billion would be used to hire 5,000 health workers, set up 20,000 beds and 50 walkthrough sanitisers. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. For farmers, KSh 7.9 billion was set aside to provide subsidies to over 200,000 individuals practising small-scale farming. ... KPMG Kenya Budget Brief 2020. The current Budget is unique and differs from prior year budgets for the following reasons Read Full Analysis. Photo: UGC.Source: UGC, READ ALSO: Soja atibua mpango wa mpishi kuramba asali. Kenya Budget 2020/2021 pdf Download National Treasury CS Ukur Yattani reads his first budget statement today, Thursday 11, giving the outlook for the FY2020/21. Coming at the time the country is fighting coronavirus pandemic, the KSh 2.7 trillion budget has attracted a lot of interest and attention from lawmakers, policymakers, financial experts and Kenyans at large. Kenyatta announces new COVID 19 reinforcement measures as numbers surge. But you can send us an email and we'll get back to you, asap.

In order to fulfill the required target, Kenya national government will have to spend KES. We're not around right now. 3.9 … Load More. The money would also be used to refund Value Added Tax (VAT) and pending bills.

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