ICT Africa Headline News

Kenya's ICT Sector Among the Big Spenders in the 2014/15 Budget

12 June, 2014

Source: CIO East Africa

Kenya's ICT sector will be among the four key sectors getting the largest chunk of the estimated Kshs 1.54 trillion national government budget set to be read today in Parliament by Finance Cabinet Secretary Henry Rotich.

According to the Institute of Economic Affairs (IEA) Kenya's pre-budget document titled "Budget 2014/2015: Balancing financing concerns while responding to spending inefficiencies," the big spenders are the education sector (with 20%), Energy, Infrastructure and ICT (all taking a combined 16.6% allocation) followed by Public Administration and International relations ( being allocated 12.6% of the total Kshs 1.54 trillion).

"These sectors tallied together account for about a half of the National Government budget. As priority sectors, they constitute a source of fiscal pressure for the financial year and in the medium term. Similarly, there is substantial attention given towards the contextual challenges of governance and insecurity through considerable allocations to the GJLOS, 8.4% and the National Security at 5.9%," states the IEA-Kenya's Budget Guide.

Out of a total expenditure outlay of Ksh 1.77 trillion in 2014/15, the national government budget is estimated at Ksh 1.54 trillion.

The 16.6% allocation to the 3 sectors of Energy, Infrastructure and ICT will be a drop compared to last year's allocation where they were given 22% (Kshs 220.8 billion) of the 2013/13 national government budget

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