Kenya is committed to implementing its on-going infrastructure projects with a focus on President Uhuru Kenyatta’s ambitious Big Four Agenda projects despite an economic crisis triggered by the deadly Covid-19 pandemic.
However, Treasury Cabinet Secretary Ukur Yatani reduced budgetary allocation towards these projects — which are falling behind schedule — by setting aside $1.28 billion compared with last year’s allocation of $4.3 billion from the 2019/2020 budget, accounting to close to a 70 percent drop.
This year Mr. Yatani set aside Ksh111.7 billion ($1.11 billion) for universal health coverage, Ksh15.5 billion ($155 million) for the affordable housing scheme, Ksh18.3 billion ($183 million) for promotion of the manufacturing sector and Ksh52.8 billion ($528 million) for improving food and nutrition security.
At the beginning of his second term in office, President Kenyatta outlined the four pillars of development that would form the basis of his legacy.
“The budget for the 2020/2021 fiscal year will continue with the implementation of the Big Four Agenda,” said Mr. Yatani.