Fact Sheet on Analysis of Kenya’s Supplementary Estimates -FY 2024/25

August 8, 2024 | 8:57 am

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Fact Sheet on Analysis of Kenya’s Supplementary Estimates -FY 2024/25

The supplementary estimates should be prepared in line with article 223 of the Constitution of Kenya and section 44 of the Public Finance Management Act, 2012. The revision of the approved expenditure estimates for the financial year 2024/25 was necessitated by the withdrawal of the Finance Bill 2024. The bill was projected to raise additional revenue amounting to Ksh. 346 Billion. This revenue shortfall will be financed by both borrowing and by government undertaking budget cuts within its various programs.