The Controller of Budget has presented a detailed Budget implementation report covering the implementation and monitoring of the National Government budget for the first half of the Financial Year (FY) 2023/2024.

The Controller of Budget Presenting the report in Parliament.

Overview of Government Budget Allocations:

In the report, the Controller of Budget first outlined the budget allocations to the National Government for FY 2023/2024. The gross budget for the fiscal year amounted to Kshs. 4.34 trillion, which was later revised to Kshs. 4.54 trillion. This substantial allocation reflects the government’s commitment to addressing national priorities across sectors such as health, education, infrastructure, and security.

Financial Performance Analysis:

She further delved into the budgetary performance of the National Government, examining revenue generation, exchequer analysis, and expenditure patterns.

On revenue analysis, the Controller of Budget noted that total receipts into the Consolidated Fund for the first six months of FY 2023/2024 were Kshs. 1.44 trillion, representing 33.7% of the revised annual target. Tax revenue contributed significantly to this, accounting for 42.1% of the target.

She added that, despite challenges, total receipts into the Consolidated Fund showed resilience, with tax revenue contributing significantly to government revenue”, she said.

On expenditure, she observed that, while there was significant budget allocation, the absorption rate was lower than expected. Only 36.1% of the gross expenditure for the National Government was utilized during this period.

Non-Financial Performance Evaluation:

The Controller of Budget also highlighted the non-financial performance of government programs, assessing the actual outputs achieved relative to the set targets. This evaluation aims to ensure that government initiatives are delivering tangible results in line with the allocated resources.

Pending Payments and Liabilities:

A critical aspect addressed in the report was the issue of pending bills, especially those aged at over ninety days and any liabilities incurred. She emphasized that timely settlement of obligations was crucial for maintaining financial integrity and ensuring the smooth functioning of government operations.

The Controller of Budget also emphasized the need for continuous monitoring and evaluation of programs to enhance accountability and to ensure optimal utilization of public funds. She reiterated her commitment to upholding the constitutional mandate of overseeing the implementation of government budgets, guided by principles of prudence and responsibility.

In a nutshell, the Controller of Budget’s presentation provides valuable information on the fiscal management and discipline of the National Government budget allocation for the first half of FY 2023/2024. It underscores the importance of prudence in the management of financial resources, optimization of resource utilization, and transparency in the reporting to achieve the country’s development objectives.