Ministry of Education Allocation.
Ministry of Education Allocation. In the fiscal year of 2024, Kenya’s overall budget experienced a substantial increase, with an additional Sh187 billion, reaching an impressive total of Sh3.93 trillion. Notably, the Ministry of Education was a major beneficiary, receiving a significant boost through an extra allocation of Sh62.1 billion, underscoring the importance of “Ministry of Education Allocation.” The authorities strategically distributed this allocation for various purposes, which included providing Sh29 billion in scholarships to first-year university students, allocating Sh20 billion to facilitate the recruitment of new teachers by the Teachers Service Commission (TSC). Moreover, they earmarked Sh4 billion for Technical and Vocational Education and Training (TVET), and designated Sh4.5 billion for junior schools.
However, alongside these increases, the budget update also brought about cuts in various sectors. Notably, development spending saw a significant reduction of Sh42 billion. This included a substantial reduction of Sh21 billion in road construction spending, as well as a notable Sh13 billion cut in the budget allocated for affordable housing.
Empowering Education: Analyzing Kenya’s 2024 Budget Allocations
In addition to these reductions, other areas of significant importance witnessed decreases, with a marked reduction of Sh18.5 billion in spending for the National Treasury, and a noteworthy reduction of Sh5.4 billion in the allocation for the State Department for Medical Services.
On the other hand, a substantial increase of Sh145.5 billion was allocated to the Consolidated Fund Services (CFS), intended to cover expenses such as pensions, salaries for state officers, and commissions. This allocation was likely instrumental in addressing “Ministry of Education Allocation.” Furthermore, they noticed an increase of Sh83.75 billion in recurrent expenditure, covering expenses related to wages and administrative costs.
Furthermore, the budget update encompassed allocations for specific programs and subsidies. Significantly, they allocated Sh14 billion to the fertilizer subsidy program and stocking the national food reserve. Furthermore, they set aside an additional Sh4 billion specifically for advance payments to coffee farmers, increasing the payment to Sh80 per kilo of cherry from the current Sh20. Additionally, they earmarked Sh3.5 billion specifically to address the government’s debt of Sh46 billion to oil marketers for fuel subsidies.
In the context of these significant budget changes, the allocation of Sh20 billion for the recruitment of new teachers in 2024, particularly for hiring 20,000 teachers by TSC, further emphasizes the critical nature of “Ministry of Education Allocation.