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Budget Guide for the Financial Year 2024/2025

This analysis of Budget 2024/2025 interrogates the extent to which the budget is aligned to fiscal consolidation agenda and the government budget theme “sustaining Bottom-Up Economic Transformation Agenda (BETA)^[1], fiscal consolidation and investing in climate change mitigation and adaptation for improved livelihoods” In relation to this, it focuses on big expenditure items, how the overall budget will be financed and reaffirms the priority policies and strategies under BETA  which are prioritized in the Fourth Medium Term Plan of the Vision 2030.

In terms of organization, this analysis first presents the macroeconomic performance for the country over the years, an overview of the entire budget, then proceeds with expenditure analysis that looks at issues of mandatory spending and what this means to budget flexibility, a brief on judiciary and what is expected in terms of sectoral priorities.

In addition to providing information to stir up public debate of the budget, the Institute of Economic Affairs (IEA)-Kenya through this brief point out policy concerns and issues that parliamentarians and citizen’s may raise and consider in their scrutiny and interrogation of the budget 2024/2025.

[1] This Development Agenda recognizes the importance of managing the cost of living through well-functioning markets to enhance increased production and productivity, availability and affordability of goods and services for all citizens. Indeed, market failures in sectors that supported the economy are glaring. The interventions target five core priority areas namely: i) Agricultural Transformation and Inclusive Growth; ii) Micro, Small and Medium Enterprise (MSME) Economy; iii) Housing and Settlement; iv) Healthcare; and v) Digital Superhighway and Creative Industry.