Treasury Sets Aside 27.6% of Ksh.3.92 Trillion Budget for Education

The National Treasury has proposed a substantial allocation of Ksh.657 billion for the 2024/25 Financial Year.

Treasury Cabinet Secretary Prof. Njuguna Ndung’u made the announcement during the tabling of the 2024/25 Financial budget before Parliament.

“On improving Education outcomes the government continues to invest in education to create a level playing field for all Kenyan children. From this end I have proposed a total allocation of Ksh.657 billion to the education sector,” said Prof. Ndungu.

Ndung’u said a significant portion of the funds, totaling Ksh.358 billion, will be channeled to the Teachers Service Commission (TSC).

About Ksh.142 billion has been designated for basic education, while Ksh.128 billion is earmarked for higher education and research.

Also Read: Treasury to Borrow Ksh.596.8 Billion to Finance Ksh.3.92 Trillion Budget

Furthermore, technical and Vocational Training education is set to receive a notable allocation of Ksh.30.7 billion.

The allocation further includes Ksh.9.1 billion for Free Primary education, Ksh.61.9 billion for free day secondary education, Ksh.30.7 billion for Junior Secondary school capitation, and Ksh.5 billion for the examinations fee waiver.

Education is among the sectors that have scored big in the current fiscal year, earning a whopping 27.6 percent of the total government expenditure.

The second winner in the budget is the County government.

The Ksh.3.92 trillion budget, which represents the second budget of the Kenya Kwanza government, focuses on empowering the grassroots and driving inclusive growth.

Noteworthy allocations include Ksh.2.3 trillion for the National government and Ksh.400 billion for county governments.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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