President Ruto Signs Supplementary Appropriations Bill, reducing Government expenditure by Ksh145.7 Billion

President William Ruto has taken a decisive step to streamline government spending by signing the Supplementary Appropriations Bill today, resulting in a significant reduction of Ksh145.7 billion in government expenditure for the 2024/2025 Financial Year. The signing ceremony, which took place at State House, was attended by Deputy President Rigathi Gachagua and other senior officials.

The Presidency, comprising the offices of the President and his deputy, will undergo a notable budget cut of Ksh6 billion. Furthermore, the National Treasury will face a reduction of Ksh7 billion, and the transport sector, including crucial road projects, will see its recurrent expenditure cut by Ksh17.3 billion. Various development projects in medical services are also expected to lose Ksh6.9 billion in funding.

This action follows the approval of the bill with amendments by the National Assembly on July 31. Hon. Ndindi Nyoro, the bill's sponsor, emphasized the need for these cuts, explaining that the Budgets and Appropriations Committee had revised the budget from Ksh2.9 trillion to Ksh2.6 trillion due to more conservative revenue projections.

"The budget under consideration is approximately Ksh3.84 trillion," Nyoro informed Parliament. "On the revenue side, we have adjusted our projections. Instead of the initial Ksh2.9 trillion, we now anticipate raising slightly over Ksh2.6 trillion."

The budget cuts are distributed across all branches of government, with the Executive facing a reduction of Ksh139.8 billion, Parliament of Ksh3.7 billion, and the Judiciary of Ksh2.1 billion.

President Ruto's endorsement of the Supplementary Appropriations Bill highlights his administration's dedication to fiscal prudence and effective resource allocation, demonstrating a strategic approach to managing the country's economy.