Why budget will be read early this year

Why budget will be read early this year
  • National Budget to be presented early this year to give MPs time to campaign
  • The budget will be presented next week Thursday by Treasury CS Henry Rotich

The National Treasury Cabinet secretary Henry Rotich reads his fifth budget speech next week Thursday.
“This is to notify the general public that the Budget statement for the fiscal year 2017/18 will be delivered by the Cabinet Secretary, National Treasury to the National Assembly on Thursday March 30, 2017,” reads a statement by Treasury Principal Secretary Kamau Thugge.

The National budget is usually read on the second week of June in all the East African countries but this time it was fast-tracked by at least two months to allow Parliament, both the Senate and National Assembly, play its supervisory role.

READ ALSO:Rotich absolves Treasury from blame in NYS scam

The budget will also be read early this time in order to give MPs enough time to campaign for the General Elections scheduled for August 8.

Parliament has of late struggled to get the minimum quorum to conduct its normal business as majority of MPs are campaigning in their various constituencies.

Party primaries are set to be conducted next month according to the Elections Act which requires political parties to finish party primaries 60 days to elections. This means that majority of MPs will not be in Parliament for important business like the budget process.
Unlike in the past when the Treasury submitted the entire budget for scrutiny, the Constitution requires the Executive, the Judiciary and the Parliamentary Service Commission to separately submit their respective budget proposals to Parliament by April 30 every year to allow the National Assembly adequate time to scrutinise the various programmes funded and the amounts allocated.

Previous Uhuru: Why I blocked Governor Joho from my function in Mombasa
Next Newspaper summaries-March 21 2017

You might also like

Business 0 Comments

Barclays Bank marine insurance scheme to shield users against cargo losses

Barclays Bank has launched a marine insurance scheme to shield marine business from cargo risks and loses The new policy covers loss or damage to ships in transit, cargo, as

Latest 0 Comments

Mining Ministry in search of firm for mineral survey

Kenya will appoint a company by December 2016 to conduct a year-long airborne survey to map its mineral deposits, Mining Cabinet Secretary Dan Kazungu has said. Speaking during the ongoing

Business 0 Comments

LuckyStar Enterprises set to develop Ksh7.5 million residential apartments in Syokimau

LuckyStar Enterprises is set to develop residential apartments in Syokimau at a time when the area has been touted as a growing real estate hotspot Dubbed Luck Star Apartments, the

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply