President Ruto Signs Into law The Supplementary Appropriation Bill

The Supplementary Appropriation (No.2) Bill, 2024 has come to law after President William Ruto assented to it this Monday.

The Bill  which was passed by the Members of Parliament last week seeks to revise budget allocations for the three arms of the government to address the Ksh344 billion revenue shortfall following the rejection of the Finance Bill, 2024.

The total reductions for the national government is Ksh145 billion which comprises of Ksh40 billion for the recurrent expenditure and Ksh105 billion for development.

Out of the total Ksh145.7 Billion reductions, the reductions for the Executive is Sh139.81 billion drawn from various ministries,Ksh3.7 billion for Parliament and Sh2.1 billion for the Judiciary

In passing the Bill, the MPs struck a balance by reducing recurrent expenditure while safeguarding critical essential expenditure in the agriculture, health and education sectors among others.