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Cabinet Brief - 22nd April 2015
Cabinet Brief - 22nd April 2015
The Cabinet today, 22nd April, 2015 met under the Chairmanship of H.E.
the President Hon. Uhuru Kenyatta where the FY 2015/16 Budget
Estimates and Financing Proposals were discussed and approved.
Under the new budget, there is an overall increase of 24.9% in funding
to all sectors compared to the budget for FY 2014/15, with Energy,
Infrastructure and ICT Sectors overtaking Education Sector accounting
for 27.3% of total Sectoral funding in 2015/16 compared with 21.7% in
2014.
The Cabinet noted and appreciated that the FY 2015/16 budget
continues to focus on Vision 2030 and the Jubilee Government
priorities under a five pillar transformation agenda that targets:
Forecasts
The economy is expected to grow at 6.9 % initially, picking up to 7.0%
over the medium term.
Budgetary Allocation
Parliament
Judiciary
National Executive
County Governments
Equalization Fund