Kenya Cuts Budget Off 22 Agriculture Projects In The Latest Report
According to a House committee report, 22 of the 36 projects being undertaken by the State Department of Agriculture have been left unfunded due to proposed budget cuts.
The Departmental Committee on Agriculture and Livestock Report on the Consideration of Supplementary Estimates for Fiscal Year 2024/25 stated that only two of the 14 projects that have not been touched are government-funded.
“Of the 14 projects to be implemented, only two are government funded at Sh 11 billion while the rest are donor funded at Sh17 billion,” the report by the committee chaired by Tigania West MP John Kanyuithia Mutunga said.
According to the report, the State Department of Agriculture’s approved budgetary allocation for fiscal year 2024/25 is Sh45.73 billion.
It has a recurrent expenditure of Sh15.68 billion and a development expenditure of Sh30.041 billion.
“The FY 2024/25 Supplementary Estimates I proposes to reduce the allocation to Sh44.03 billion, a reduction of Sh1.7billion which represents a decrease of four percent,” the report added.
The Supplementary Estimates No. I for FY 2024/25 proposed reducing recurrent expenditure from Sh15.69 billion to Sh15.67 billion, a savings of Sh15.8 million.
The State Department’s approved development allocation of Sh30.04 billion for FY 2024/25 is being revised to Sh28.35 billion, a reduction of Sh1.69 billion or 6%.
The Sugar Reforms Support Project’s funding has been increased from Sh961.3 million to Sh1 billion, while the Fertilizer Subsidy Programme’s funding has been increased from Sh5.5 billion to Sh10 billion.
It also stated that the changes had resulted in a reduction of Sh 1 billion in MSMEs Agricultural Credit.
This will result in a reduction of Sh120 million for the Cotton Industry Revitalisation Project, Sh65 million for the Cashew Nut Revitalisation Project, Sh150 million for the Pyrethrum Industry Revitalization Project, Sh90 million for the Coconut Revitalisation Project, and Sh642 million for the Food Security and Crop Diversification Project.
Kenya Cuts Budget Off 22 Agriculture Projects In The Latest Report
