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"id": 133740,
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"content": "Mr. Speaker, Sir, on the budgetary requirement for the Ministry for the Financial Year 2009/2010, the Ministry will require a gross budget provision of Kshs43,335,000,000 to cater for its programmes, projects and activities. Out of this total, Kshs849 million will be financed through Appropriations-in-Aid, leaving a balance of Kshs42,486,000,000 to be financed from the Ex-chequer. These funds will be applied on the following priority areas. With regard to expenditure, the Ministry of Finance is implementing three major programmes in the current financial year. These include:- 1. Public financial management. The public financial management programme involves formulation and implementation of policies relating to mobilization, allocation and management of public financial resources. It also serves as a co-ordination hub for the preparation of the annual Budget in liaison with other Government Ministries, departments and agencies. The programme will require a total net provision of Kshs30,900,000,000 during the current financial year. 2. Development and stabilization of the financial sector. This programme involves the development of a strong and stable financial sector to facilitate economic development. This will entail supervision and regulation of banking, capital markets, retirement benefits and insurance sector. This programme will require a total net provision of Kshs1,447,000,000 during the financial year. 3. Promotion of investments, private enterprise and competition. This programme involves creating an enabling environment for the private sector participation in economic development. This will entail the provision of incentives in economic development to investors, implementation of regional and international economic co- operation agreements, removal of unfair trade practices and barriers to trade and investment as well as consumer protection. The programme will require a total net provision of Kshs10,139,000,000 during the financial year. Mr. Speaker, Sir, the Ministry will, therefore, require a total of Kshs20,104,000,000 to finance its Recurrent activities and Kshs22,382,000,000 to finance its Development activities. The detailed breakdown of this expenditure categories are as follows. On Recurrent Budget, there will be personnel emoluments - Kshs1.351 billion; operations and maintenance - Kshs4.715 billion; grants and transfers - Kshs10,038,000,000 and budget and contingency measures - Kshs4 billion. This gives a total of Kshs20,104,000,000. The amount of Kshs4,715,000,000 will cater for the Ministryâs operational and maintenance expenditure and is allocated on various expenditure heads. The grants and transfers are funds to be utilized by various state-owned enterprises which help the Ministry meet its mandate, subscription payments to regional and international organizations and the national reform initiatives as follows. Kenya Revenue Authority - Kshs7.1 billion; Agenda Four reforms - Kshs2 billion; Public Procurement Oversight Authority - Kshs245 million; Kenya Investment Authority - Kshs235 million; Privatization Commission - Kshs160 million; State Corporations Appeal Tribunal -"
}