The Treasury will publish the presentation of the state of the budget 2022 on April 7 –

CS Ukur Yatani [Photo/Courtesy]

The National Treasury has announced that it will present its 2022 budget statement on April 7.

This will be the last statement released by Treasury Cabinet Secretary Ukur Yatani under the current administration.

The final fiscal policy statement is expected to include highlights of the spending plan as well as new revenue mobilization methods and tax measures that will serve as the basis for the draft budget law for 2022.

The population was invited to contribute and share their ideas on the political and fiscal measures to be applied within the framework of the 2022-2023 financial plan.

For the fiscal year beginning in July, net expenditure is expected to be 3.3 trillion shillings, excluding debt assumptions.

The national government will be allocated 1.628 billion shillings, while the counties will receive 370 billion shillings as part of their fair share of the revenue of 7.1 billion shillings for the Equalization Fund and 57 billion shillings in the form of conditional grants.

Also read: #BudgetKE2021: Highlights of 2021/2022 budget allocations

The budget is expected to be funded by revenue of Ksh 2.820 trillion, with revenue estimated at Ksh 2.516 trillion.

Principal Treasury Secretary Julius Muia confirmed the date, saying public proposals should also be submitted by March 22.

Proposals should address economic resilience measures, how to improve livelihoods, and suggestions on how to accelerate government priority pillars.

The Treasury is also seeking input on ways to accelerate economic recovery, create an enabling business environment and improve revenue mobilization.

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Dorothy H. Lewis