The country’s top newspapers on Friday, June 11 widely reported on Kenya’s 2021/2022 budget presented by Treasury Cabinet Secretary Ukur Yatani at Parliament Buildings, Nairobi.
Tha dailies also reported on reactions to the budget by economists, businessmen and common mwananchi.
University fees are set to hike with Treasury CS Ukur Yattani arguing that universities have been facing challenges in the recent past due to meagre funding from the state and low fees paid by students.
Further, the CS added that be will seek to engage stakeholders to review capitation per student.
In the 2021/2022 budget, the education sector was allocated KSh 503.9 billion with KSh 281.7 billion set aside for the Teachers Service Commission (TSC).
Universities would get KSh 76.3 billion while KSh 15.8 billion will go to the Higher Education Loans Board (HELB).
The newspaper focused on the winners and losers in their 2021/2022 budget presented by Treasury CS Ukur on Thursday, June 10.
The daily reports that health, iron and steel, National Hospital Insurance Fund (NHIF), data, technical and vocational education and training (TVET) and baby diapers were some of the biggest winners.
On the other hand, motorcycles (15% excise duty for those above KSh 75,000), bread (shift from zero-rated to standard), gas (16% Valued Added Tax), Jewellery (10% excise duty for importers), mining (10% withholding tax) and betting (re-introduction of 20% excise duty) werw some of the biggest losers.
The Swahili publication reported reported on thw increasing debt Kenya is facing amid tough economic times brought about by the COVID-19 pandemic.
Kenya currently borrows at least KSh 2.5 billion daily, and on the other hand services KSh 2.8 billion in debt on a daily basis.
Whats more, Treasury is set to borrow KSh 929 billion due to a deficit that may affect operations in different sectors.
Of the total KSh 929 billion set to be borrowed, KSh 658 billion will be borrowed internationally while KSh 271 billion will be from local markets.
According to the Star newspaper, Deputy President William Ruto ha asked his boss President Uhuru Kenyatta to respect the rule of law.
The DP’s remarks comes at a time when the Head of State is on the edge for refusing to appoint in six judges citing integrity issues.
“Everyone who is trusted with leadership must work within the dictates of the law and follow the constitution,” Ruto said.
The publication highlighted reactions to the 2021/2022 budget expressed by economists and businessmen.
While National Assembly Majority leader Amos Kimunya defended it as pro-people, some legislators argued that the budget did not reflect wishes of Kenyans.
“This budget helps the common Kenyans. As you have seen, money was set aside for COVID-19 as well as for small businesses and for the ongoing infrastructure projects,” Kimunya said.
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