The National treasury has begun public hearings for the proposed 2023/2T024 financial year.
During the three-day public hearings held at the Kenyatta International Convention Centre (KICC), stakeholders from various sectors will be given a platform to validate and give feedback on the budget proposals.
Speaking during the official launch, Treasury Principal Secretary Chris Kiptoo said the public hearing will give stakeholders an opportunity to participate and contribute to the formulation of the National budget.
“I wish to request our stakeholders to critically analyse the budget proposals and give us your inputs for incorporation in the finalisation of the National Budget,” Kiptoo said
“In developing the draft budget proposals for the medium-term, Sector Working Groups reviewed budget performance for the past three years and reflected on priorities for the ensuing period. The sector budget proposals will provide valuable information that will be used in the finalisation of the Budget,” he added
Economic Planning Principal Secretary James Muhati noted that the budget making process was guided by the Third Medium Plan (MTP), 2018-2022 which comes to an end in June 2023 to pave way for the Fourth Medium Term Plan.
“The fourth Medium Term Plan will focus primarily on the core pillars of the Kenya Kwanza Manifesto,” said the PS
“Implementation of the Fourth Medium Term Plan will foster growth, wealth and employment creation, poverty reduction and improved livelihoods for all Kenyans from the bottom of the pyramid,” he added
The National Treasury kicked off the process of making the 2023/2024 budget in November which is estimated at Ksh3.64 trillion.
By Fred Azelwa