Public Feedback Wanted for 2016/17 National Budget

The public has been invited to give feedback on the 2016/17 National Budget after it early this month.

“The Cabinet Secretary, Mr. Henry Rotich of the National Treasury would like to hear your views and ideas for the FY 2016/17 National Budget,” read the invite posted online.

The Cabinet Secretary The National Treasury, @HKRotich would like to hear your thoughts, ideas and tips for the 2016/2017 Budget.

— Treasury Kenya (@KenyaTreasury) May 9, 2016

All Kenyans, including individuals, households and businesses, are welcome to provide feedback on issues such as how can the country achieve an economic growth rate of more than 10 per cent a year over the next 20 years?, How can the government ensure economic growth benefits more people, so unemployment, poverty, illiteracy, and inequality can be reduced?

Other areas touch on: Tax, Economic Policy and Social.

Contribute to the 2016/17 Budget Tips / Suggestions here.

The National Treasury posted the Budget Policy Statement for the FY-2016-17 on its website where the public can see the latest updates on the Budget.

Treasury has projected an overall budget deficit equivalent to 9.3 percent of its gross domestic product for the fiscal year starting in July. However, due to its low absorption uptake, it expects it to drop to 6.9 percent of GDP.

The Sh2.3 Trillion national budget targets to have  a revenue collection of Sh1.49 billion up from Sh1.29 billion in the last FY 2015/2016 – Appropriation-in-Aid (AiA) of Ksh 1,499.4 billion (20.3 percent of GDP) from Ksh 1,294.3 billion (19.7 percent of GDP) in FY 2015/16.

Read:

• KRA Misses Revenue Collection Target by Over 47 Billion Shillings
• Kenya Revenue Authority Implements New System

 The government aims to keep spending in check by put emphasis on efficiency and effectiveness of public spending and improve revenue performance.

It projects its growth to recover this year to 6 percent from 5.6 percent in 2015 and 6.5 percent in the medium.

“This growth will be supported by strong output in agriculture with a stable weather outlook and completion of key public projects in roads, rail and energy generation. In addition, strong consumer demand and private sector investment as well as stable macroeconomic environment will help reinforce this growth.”