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Top 10 News in Brief: The Big 2021/2022 Budget, Huge Debt and Winners

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As you start your day, you need to power your mind with some relevant and useful information.

We have picked for you the Top 10 stories making the headlines on this day, 11th June 2021.

The Covid-19 Budget

Treasury Cabinet Secretary Ukur Yatani on Thursday, 10th June, presented the biggest Budget yet for the last full financial year of President Uhuru Kenyatta’s Jubilee administration.

In the Ksh3.6 trillion estimate of income and expenditure, Yatani unveiled a raft of painful measures to reboot the Covid-19-devastated economy, while at the time trying to give hope to millions of Kenyans whose livelihoods have been ravaged by the pandemic.

In the 2021/2022 fiscal year, the Treasury will have to borrow Ksh929 billion to roof the deficit while taxes, grants, and fees will supply the rest of the budget.

A third of the Budget has been set aside for the repayment of the national debt.

Counties Receive Big Allocation

County governments will take home Ksh409 billion in the 2021/2020 fiscal year, the highest allocation since inception of devolution in 2013.

According to Treasury Cabinet Secretary Ukur Yatani, the devolved units will get Ksh370 billion in equitable share while Ksh7.5 billion will be disbursed as conditional grants from the Exchequer.

A further Ksh32.3 billion be given from development partners.

Big Four Gets Ksh142 Billion

Treasury Cabinet Secretary Ukur Yatani boosted President Uhuru Kenyatta’s Big Four agenda with an allocation of Ksh142.1 billion.

The economist noted that the President’s agenda would be key in creating jobs, especially at this moment when the country is recovering from Covid-19 shocks.

The Big Four agenda is embedded on the pillars of universal health coverage, food security, manufacturing and affordable housing.

Ks23 Billion For The Poor

Various vulnerable groups and businesses will rake in Ksh23.1 billion from the national coffers, Treasury Cabinet Secretary Ukur Yatani announced.

The allocation will be used for social protection programmes, Kazi Mtaani initiative and enhancing business liquidity.

Blue Economy Gets Ksh10 Billion

Fishermen and women have a reason to smile after the government pumped in Ksh10.7 billion to keep alive the blue economy.

Part of the money set aside in the 2021/2022 expenditure plan will be used in establishing a fishing plant in Lamu and and reconditioning fish landing sites in Lake Victoria.

Other projects to be undertaken include aquaculture and betterment of coastal fisheries.

Referendum Bells as Treasury Increases Allocation For IEBC

The Treasury has tripled the budget for the electoral agency, beckoning the possibility of the projected Building Bridges Initiative (BBI) referendum and preparations for the 2022 General.

In the last financial year, the Independent Electoral and Boundaries Commission (IEBC) received Ksh4.6 billion while Treasury boss Ukur Yatani allocated the body Ksh15 billion in the 2021/2022 budget.

Currently, the BBI is on hold after the High Court declared it null and void. However, promoters of the clamour to change the supreme law have gone to the Court of Appeal.

Teenager Kills Cousin Over Food

A 14-year-old boy from Bonyamatuta Village in Nyamira County is on the run after he allegedly killed his 16-year-old cousin after an argument over food.

The suspect was at their home when the victim requested to be given some food.

He was not happy with request and entered the kitchen, picked a knife and stabbed his cousin in the chest.

Kenyans Stuck in India Arrive Home

Kenyan students, patients and caregivers, who had been stranded in India for weeks, returned home yesterday.

Upon arrival, they underwent a rapid Covid-19 test to meet the requirements of the Ministry of Health.

Most of them were found to be negative for the coronavirus, but were directed to isolate at home for at least two weeks.

NMS Did Not Misuse Covid-19 Funds, OAG Says

The Office of the Auditor-General (OAG) has cleared the Nairobi Metropolitan Services (NMS) of any wrongdoing, months after poking holes into how the Covid-19 funds allocated to the entity were being utilised.

A report by Auditor-General Nancy Gathungu had pointed out several irregularities, including failure to use a Ksh64 million makeshift isolation facility and suspicious withdrawal of Ksh32 million from a KCB account.

However, the NMS furnished the OAG with vital documents, indicating no money was lost.

Man Accused of Killing Family Members Lynched

A 35-year-old man succumbed to his injuries yesterday after residents of Kathima Village in Meru County stoned him for being troublesome to them.

Enraged villagers descended on Kaberia Kiani after he was spotted chasing his mother.

Kiani was accused of killing his father, wife and child. He had been arrested over his father’s death, but was released three weeks ago.

The mother said she could finally have peace after weeks of being terrorised by her son.

Do you have any fascinating, funny, intriguing, troubling or inspiring story that you would wish to share? Please email us at: [email protected] and we will publish it on Litkenya.com

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