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Thursday, May 26, 2022

LIVE BLOG: What Kenyans Expect From 2022/2023 National Budget

  • Treasury Cabinet Secretary, Ukur Yattani, is set to read the Ksh3.3 trillion 2022/2023 budget at the National Assembly.

    Kenyans are waiting with bated breath to see what the government has budgeted for even as the cost of basic commodities such as cooking oil, milk and maize meals going up in the recent past.

    The Thursday, April 7, 2:30 p.m. budget will be the country’s largest-ever and President Uhuru Kenyatta’s last as the Head of State. Kenyans have voiced their expectations even as the country finds a way of getting out of the worst ever an economic situation that has seen inflation rates go past the 5.4 percentage mark in the month of March.

    A majority of Kenyans who spoke to the press expressed optimism that the government will move in to stabilise the high cost of living by reducing the prices of basic commodities.

    Treasury officials during a meeting in Nairobi ahead of the National Budget reading.

    “It is just a shock that every year we normally have budgets being read here in Kenya and we are not seeing any change. If you go to supermarkets, you will find food prices are very high and there is just a blame game.

    “Right now, the government is saying that things are high because of the Russia – Ukraine fighting but it is not the same. The government should have mercy on us,” lamented Victor Omondi Ogembe, a Kisumu County resident.

    Traders are also expecting the cost of doing business, which is highly affected by fuel prices, to go down even as they try to recover from the effects of the Covid-19 pandemic that has ravaged the country for over two years.

    Individuals are also waiting to see how the budget will solve the escalating national debt which has risen to unprecedented levels. For now, Ksh6 of every Ksh10 collected from the taxpayer goes towards paying for the debt.

    kenyagist.com will keep you update on a minute-by-minute basis as the day unfolds. Keep refreshing this page for updates.

    12:45 p.m.: A man was arrested protesting the high cost of living outside the Treasury building by plain-clothed officers. 

    “I am ready to die for freedom, I am ready to die for my people. I am ready to die for justice. We want food, we are hungry,” chanted the protester as he was bundled into a waiting police truck.

    12:03pm: Security was beefed outside the National Treasury building in Nairobi CBD as CS Ukur Yattani is expected to head to Parliament for the briefing. The two buildings are 1km apart.

    “Unlike previous years, the 2022/23 Budget Statement is being presented to the National Assembly two months before the end of the 2021/22 Financial Year to accommodate the elections scheduled for August 9, 2022,” explained the Ministry.

    9:40am: Officials from the Ministry of Treasury convened for the final preparations meeting before CS Ukur Yattani presents the budget to Parliament.

    arrest fight

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