SGR gets the lion’s share of budget allocation
Projects in the transport and agriculture sectors have been allocated a large part of the 2021-2022 budget.
According to the budget summary, the most important allocation is the project inherited from President Uhuru Kenyatta, Standard Gauge Railway (SGR).
The SGR section from Nairobi to Naivasha received 27.2 billion shillings.
This project takes more than half of the 53.6 billion shillings spent on transport. The Lapsset Project, a combination of projects to link the coast of Kenya to South Sudan and Ethiopia, received 4.5 billion shillings while Mombasa Port Development will receive 7.5 billion shillings.
Dongo Kundu Special Economic Zone, which is a Vision 2030 project, received 8.3 billion shillings.
The budget summary for 2021/2022 foresees a development allocation at 34% of total expenditure, which is the government’s medium-term roadmap.
The Treasury has also allocated 1.3 trillion shillings for recurrent expenditure. Of the amount Sh20.8 billion is budgeted for the civil service pension scheme, also known as the civil service pension scheme.
In addition, 664.4 billion shillings has been allocated for development spending in the 2021/22 budget. Expenses include an allocation to the Parliamentary Services Committee and the judiciary.
Under agriculture, the Treasury has allocated 8.9 billion shillings to the Kenya Climate-Smart Agriculture Project (KCSAP). The project is implemented in partnership with the World Bank.
âThe development objective of KCSAP is to increase agricultural productivity and improve climate change risk resilience mechanisms in targeted smallholder farming and pastoral communities in Kenya,â reads the information published on the project website.
The National Agriculture and Rural Inclusion Project, which is also a project of the World Bank and the International Development Association (IDA), received 7.1 billion shillings. The project covers 21 counties and seeks to support community development by increasing productivity across the agricultural value chain.
The Aquaculture Business Development Project and the Kenya Marine Fisheries Socio-Economic Development Project received 3.2 billion shillings and 3.4 billion shillings, respectively.
Affordable housing construction has received 1.2 billion shillings while phase II of Kenya’s informal settlements improvement project has an allocation of 3.2 billion shillings.
Manufacturing and industrialization received 7.5 billion shillings while 1.4 billion shillings went to the Kenya Industry and Entrepreneurship Project.
Mombasa Special Economic Zone will receive Sh90 million.