James Momanyi @jamomanyi
Treasury Cabinet secretary Henry Rotich is today expected to highlight how the Sh3.07 trillion budget for fiscal year 2018/2019 will be shared out in different vote heads.
According to the budget estimates approved by the National Assembly on Tuesday the national government together with independent commissions, Parliament, and the Judiciary has been allocated Sh1.73 trillion.
As usual the education sector, infrastructure and security have taken the lion’s share even as allocation to the sectors mandated to implement the Big Four agenda have received a boost, albeit not significantly.
Equally, a large portion of the money has also been set aside to fund the Consolidated Fund Services (CFS), which has been allocated a whopping Sh926.6 billion.
The CFS expenditure include the repayment of public debt amounting to Sh305.04 billion, payment of pensions and gratuities amounting to Sh37.85 billion, and payment of salaries and allowances for constitutional office holders and subscriptions to international organisations amounting to Sh3.1 billion.
During the fiscal year, the total debt servicing is expected to reach Sh870.6 billion, including the expected repayment of Sh194 billion to the tap-sale component of the 2014 Eurobond and two syndicated bonds.
Another record allocation of Sh372.7 billion has been set aside for the county governments, which include conditional grants. The Parliamentary Service Commission and National Assembly has been handed a Sh42.5 billion and the Judiciary Sh17.3 billion.
A glimpse on the 2018/19 budget estimates shows the Teachers Service Commission will receive the highest allocation of Sh226.8 trillion followed by the State department of Infrastructure and department for Transport, which will jointly receive Sh280.7 billion.
The government has also made significant allocations in the budget towards the realisation of the Big Four Agenda that target at supporting manufacturing, improving food security, enhancing health coverage as well as improveming living conditions through affordable housing.
Tabulations from the budget indicate that out of the Sh1.73 trillion allocated to the national government, Sh460.2 billion has been rig fenced for the Big Four segments – food security, housing, universal health care and manufacturing.