National Assembly Invites Memoranda On The Supplementary Estimates
National Assembly
By PSCU
The National Assembly is inviting members of the public and stakeholders to submit memoranda on the Supplementary Estimates 1 for the Financial Year 2024/2025, through the Clerk of the National Assembly, by Monday next week.
This follows the submission of the Estimates comprising of the Programme Based Budget, Recurrent Estimates, Development Estimates and the memorandum; by the Principal Secretary, National Treasury and Economic Planning, on Friday last week.
The Speaker of the National Assembly Moses Wetang’ula upon reception of the Supplementary Estimates referred them to the Budget and Appropriations Committee for consideration and reporting to the House.
The Supplementary Estimates for the Financial Year 2024/2025 seeks to implement necessary austerity measures and actualize expenditure cuts across the three arms of Government, Constitutional Commissions and Independent Offices.
The Estimates propose to reduce the budget for the three arms of Government by Ksh156.39 billion, out of which Ksh34.04 billion constitutes approved recurrent expenditure, and Ksh122.35 billion constitutes approved development expenditure.
Further, the Estimates seek to rationalize the expenditure for this financial year, to align with the revised fiscal framework and cater for the last financial year’s carry overs.
The proposed revision is underpinned by an envisaged shortfall of revenues for the current financial year amounting to Ksh344.3 billion.
For further reference, the Supplementary Estimates and attendant documents are available at the Parliament’s website through this link: http://parliament.go.ke
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