By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Eagle News Feed

Fresh and Independent

  • News
  • Crime
  • World
  • Politics
  • Know Your Celebrity
  • Business
  • Security
Search
© 2025 EagleNewsFeed. Designed by Okii All Rights Reserved.
Reading: Parliament Reassesses Financial Strategy Following Sh21B Budget Cut
Share
Font ResizerAa

Eagle News Feed

Fresh and Independent

Font ResizerAa
Search
  • News
  • Crime
  • World
  • Politics
  • Know Your Celebrity
  • Business
  • Security
Follow US
© 2025 EagleNewsFeed
Home » Blog » Parliament Reassesses Financial Strategy Following Sh21B Budget Cut
News

Parliament Reassesses Financial Strategy Following Sh21B Budget Cut

Salma Khamisi
Last updated: June 13, 2024 3:08 pm
Salma Khamisi
Last updated: June 13, 2024
Share
2 Min Read
SHARE

Parliament faces a reevaluation of its financial plans for the upcoming fiscal year following a substantial budget cut of Sh21 billion, endorsed by Members of Parliament on Tuesday evening.

The reduction, in line with recommendations from the Budget and Appropriations Committee, aims to realign Parliament’s spending with the Budget Policy Statement (BPS) endorsed by the House in March.

Originally set at Sh65.8 billion for the 2024/25 fiscal year beginning July 1, 2024, Parliament’s budget was revised down to Sh44.6 billion based on a report by the committee chaired by Kiharu MP Ndindi Nyoro.

Upon enactment into law, the Appropriations Bill will authorize government agencies to utilize the allocated funds.

Despite the decrease, the budget represents an uptick compared to the Sh40.74 billion allocated in the current fiscal year.

The Parliamentary Service Commission (PSC) acknowledged that the optimistic estimates were contingent on the assumption that the BPS-approved ceiling of Sh43.6 billion would be adjusted upwards to cover the financing gap of Sh22 billion.

 “It is recognized that the legislative sector has made significant strides towards achieving national goals and objectives,” the document asserts, emphasizing that adequate resources will enhance services and effectiveness in oversight and representation functions.

Parliament is divided into four votes  the PSC chaired by Mr. Wetang’ula, the Parliamentary Joint Services (PJS), and votes for the Senate and the National Assembly.

In the estimates presented to the House, the commission proposed an allocation of Sh3.06 billion, the National Assembly Sh32.49 billion, PJS Sh8.63 billion, and the Senate Sh14.42 billion.

However, the National Assembly and Senate incurred the most significant cuts, losing Sh6 billion and almost half, respectively, while the PSC experienced a reduction in its proposed budget.

The approved figures see the PSC allocated Sh1.2 billion, the National Assembly Sh26.8 billion, and the Senate receiving Sh8 billion, with the PJS allocation witnessing an increase.

YOU MAY LIKE

Zablon Mokua’s Nomination To East African Court Of Justice Blocked

 

You Might Also Like

Murkomen Defends Ruto Over Abduction Remarks

Formalizing The Boda Boda Sector Will Unlock Its Role In National Development, PS Omollo Says

Nairobi County Clamps Freemasons’ Hall Over Sh19 Million Land Rate Arrears

Kakuzi Outlines Mid To Long-Term Business Growth Plans

CS Duale Defends Health DG Amoth Amid Allegations Of Undermining By MOH Top Officials

TAGGED:budget cutfacesParliament
Share This Article
Facebook Copy Link Print
Share
Previous Article Senior Cop Officer Fatally Shot After He Shot And Injured A Magistrate At The Makadara Law Court
Next Article Magistrate Shot And Injured In Shocking Incident At Makadara Law Courts, Nairobi
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

EACC Arrests Ramagon Bosses Over Sh60 Million Matili Institute Scam
EACC Arrests Ramagon Bosses Over Sh60 Million Matili Institute Scam
Corruption
May 14, 2025
Naivas Dismisses Social Media Claims On Expired Products And Store Closures
Naivas Dismisses Social Media Claims On Expired Products And Store Closures
Business
May 14, 2025
Operation Ondoa Jangili In Marsabit, Isiolo Nets More Than 300 Suspects, 200 Firearms
Operation Ondoa Jangili In Marsabit, Isiolo Nets More Than 300 Suspects, 200 Firearms
Security
May 14, 2025
Kenya’s ICT Sector Expands By 8.3% In 2024 Amid Rising Mobile Usage And Tech Investments
Kenya’s ICT Sector Expands By 8.3% In 2024 Amid Rising Mobile Usage And Tech Investments
Business
May 14, 2025
Kenya’s Construction Sector Contracts In 2024 Amid Rising Costs And Reduced Lending
Kenya’s Construction Sector Contracts In 2024 Amid Rising Costs And Reduced Lending
Business
May 14, 2025
Probe As Man Is Found Murdered, Body Dumped On Roadside In Kitengela
Probe As Man Is Found Murdered, Body Dumped On Roadside In Kitengela
Crime
May 14, 2025

You Might also Like

Kenya, China Discuss Expansion Of Kenyan Tea Access To Chinese Market
News

Kenya, China Discuss Expansion Of Kenyan Tea Access To Chinese Market

May 13, 2025
LBDA Director Ebel Ochieng Among Detained For 23 Days In MP Were Murder Probe Saga
News

LBDA Director Ebel Ochieng Among Detained For 23 Days In MP Were Murder Probe Saga

May 13, 2025
UK Prime Minister Keir Starmer To Visit Kenya, PS Reveals
News

UK Prime Minister Keir Starmer To Visit Kenya, PS Reveals

May 13, 2025
Police Deployed After Group Threatens To Storm DP’s Official Residence In Karen, Nairobi
News

Police Deployed After Group Threatens To Storm DP’s Official Residence In Karen, Nairobi

May 13, 2025
Follow US
© 2022 EagleNewsFeed. Designed by Okii. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?