NAIROBI, June 10 (Reuters) – The following are highlights of the Kenyan government’s budget for the 2021/22 fiscal year as presented to parliament by Finance Minister Ukur Yatani.
What time will the budget be read?
Nairobi, Kenya, May 14 – Treasury Cabinet Secretary Ukur Yattani will issue this year’s budget statement on June 10. “This is to notify the general public that the Cabinet Secretary will deliver the Budget Statement for the Fiscal year 2021/22 on Thursday 10th June at 3.00 pm,” Treasury said in a statement Thursday.
Who is the cabinet secretary of finance in Kenya?
|1||Henry Rotich||15 May 2013|
|2||Ukur Yatani Kanacho||14 January 2020|
When was the budget announced 2021?
This article contains affiliate links that can earn us revenue. The 2021 Budget has happened, and with it comes policies that may affect your personal finances. Chancellor of the Exchequer Rishi Sunak’s fighting talk set the tone for the announcement on March 3.
How does national budget work?
A Budget is the government’s financial plan made every year. … The Budget allocates money between the three spheres of government (national, provincial, local) based on revenue collected. The Budget Process. The national and provincial budget process is a continuous cycle that runs from April to March every year.
What is the budget of this year?
Expenditure: The government proposes to spend Rs 34,83,236 crore in 2021-22. As per the revised estimates, the government spent Rs 34,50,305 crore in 2020-21, 13% higher than the budget estimate.
What is Kenya’s Budget 2021?
“The fiscal deficit in the 2021/22 budget will be financed through net external financing of 271.2 billion shillings equivalent to 4.4% of GDP, and net domestic financing of 658.5 billion shillings equivalent to 5.3% of GDP.”
How many cas do we have in Kenya?
The Cabinet of the Republic of Kenya is made up of the President, Deputy President, Attorney General and Cabinet Secretaries. The 2010 Constitution of Kenya allows a maximum of 22 ministries.
|Cabinet Secretary||Raphael Tuju|
|Attorney General of Kenya||Paul Kihara Kariuki|
Who is the permanent secretary of finance?
DANIEL- NWAOBIA ANASTASIA MABI – Permanent Secretary – FEDERAL MINISTRY OF FINANCE | LinkedIn.
How do you address a cabinet secretary in Kenya?
Cabinet Secretary: Hon. Amb. Raychelle A. Omamo, E.G.H.
Who announced Budget 2021?
Union Budget 2021 FM Nirmala Sitharaman Speech Highlights: The Finance minister in her Budget 2021 speech announced a slew of taxation reforms along with an increased spending on healthcare with Rs 35,000 crore on Covid-19 vaccine development. Read our live blog for highlights on what Sitharaman announced today.
Did cigarettes go up in Budget 2021?
Rishi Sunak has confirmed that the price of tobacco will not rise following his announcement of the budget. There was no mention of a rise in his statement or in the government’s budget document, but the Treasury has now confirmed there will be no rise for the time being.
What is budget expected 2021?
The basic income tax exemption limit needs to be increased from Rs 2.5 lakh to Rs 5 lakh. … The deduction limit under section 80C of the Income-tax Act, 1961 (Act) for specified tax-saving investments which is currently Rs 1.5 lakh should be increased to at least Rs 2.5 lakh.
What are the 3 types of budgets?
A government budget is a financial document comprising revenue and expenses over a year. Depending on these estimates, budgets are classified into three categories-balanced budget, surplus budget and deficit budget.
What are the four stages of the budget process?
The budget cycle consists of four phases: (1) prepara- tion and submission, (2) approval, (3) execution, and (4) audit and evaluation. The preparation and submission phase is the most difficult to describe because it has been subjected to the most reform efforts.
Why do governments prepare an annual budget?
2. Why is government budgeting important? Government budgeting is important because it enables the government to plan and manage its financial resources to support the implementation of various programs and projects that best promote the development of the country.