The National Assembly is set to commence consideration of the Supplementary Estimates (No.1) for the Financial Year 2024/2025 (Recurrent & Development) and the revised Programme Based Budget.
This follows submission of the Supplementary Estimates (No.1) by the National Treasury for consideration by the House on Friday, 12th July 2024.
The Supplementary Estimates (No.1) FY 2024/2025 seeks to rationalize the 2024/25 Budget Estimates to align to the Revised Fiscal Framework and actualize expenditure cuts across the three arms of Government, Constitutional Commissions & Independent Offices.
The 2024/25 FY Budget was to be funded through additional revenue measures amounting to Ksh. 344.3 billion contained in the 2024, Finance Bill, which was not assented to creating a financing gap of a similar amount.
Through a notification to the House, the Speaker, Moses Wetangula has directed that the Supplementary Estimates (No.1) for the FY 2024/2025 be referred to the Budget and Appropriations Committee and Departmental Committees for expedited consideration.
The Budget and Appropriations Committee is further required to guide the process, seek public views and report to the House on or before Wednesday, 24th July, 2024, to enable the House to consider the Supplementary Estimates and the Supplementary Appropriation legislation.
