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FY 2015 - 2016
a trillion - 1,000,000,000,000 | 1012
2.2Trillion
38.7%
Recurrent Expenditure
0.2%
Other CFS
35.7%
Developm...
Thematic
Areas6
ENHANCING WOMEN & YOUTH EMPOWERMENT
IMPROVING THE BUSINESS ENVIRONMENT
...addressingthesecuritychallengewh...
How
tax payer’s
money is shared
3.5%Agriculture,RuralandUrbanDevelopment
ConstituencyDevelopmentFund(CDF) 1.5%
1.2%
1.4%
0...
45Million
=1Million
GDp/Capita Growth
Population
4.76 trillion
largest
economy
in africa9
TH
EstimatedGDPin2014
1,2-www.fo...
74%GDPthreshold
Below
set by the world bank in the
Country Policy and Institutional
Assessment (CPIA) Africa report
Ideal ...
revised taxes
Capital Gains Tax
0.3%withholdingtaxon
transactionvalueofshares,
insteadof5%fromsaleofshares
Rental Taxes
pa...
“
SGR
Standard
Gauge
Railway 2013
OCTOBER
2017
DECEMBER
Mombasa – Nairobi
irrigation projects countrywide
Modernization of...
fyi
Budgetcomesfromtheold
Frenchbougette,
meaning'littlebag'
190CSsays“MrSpeaker”
190timesduringthe
budgetpresentation
reb...
We assist chief executives by Making
complex data, reports or presentations
visually appealing, impactful & memorable
Try ...
www.gorillastudios.co.ke | Copyright © 2015
tm
The Quick Read - Kenya's Budget Visualized
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The Quick Read - Kenya's Budget Visualized

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Concise, segmented and informational insight on Kenya's 2015 - 2016 fiscal policy,what informs the budget and projects the government is undertaking towards achieving vision 2030.

Published in: News & Politics
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The Quick Read - Kenya's Budget Visualized

  1. 1. FY 2015 - 2016 a trillion - 1,000,000,000,000 | 1012 2.2Trillion 38.7% Recurrent Expenditure 0.2% Other CFS 35.7% Development Expenditure 9.1% Interest payment 2.1% Pensions 14.2% County Goverments CFS-ConsolidatedFundServices overview
  2. 2. Thematic Areas6 ENHANCING WOMEN & YOUTH EMPOWERMENT IMPROVING THE BUSINESS ENVIRONMENT ...addressingthesecuritychallengewhichiscritical tocreatingafriendlybusinessenvironmentfor ourprivatesector. STRENGTHENING DEVOLUTION & REGIONAL DEVELOPMENT ...NationalGovernmentcommitsthroughthisbudgettowork verycloselywiththecountygovernmentsandtofacilitate themtobuildthecapacitytobetterdeliverservicesand developmentatthegrassrootslevel openingupopportunitiestotapthelatenttalentsand entrepreneurialcapabilitiesofouryouth,womenandpersons withdisabilitysoastoenablethemactivelyparticipateinour economictransformationagenda INVESTMENT IN HEALTH, EDUCATION & SOCIAL PROTECTION FOR OUR PEOPLE ...scaleupresourcesandunderpinreforms toenhancethequalityofoureducationand healthcaresystemswithaviewtobuilding ahealthyandproductivehumanresourcebase AGRICULTURE & INDUSTRIAL TRANSFORMATION ...measurestodriveagriculturalandindustrialtransformation soastobuildresilienceinoureconomy,ensurefoodsecurity andlowerfoodprices,increasequalityanddiversification ofexports,accelerateinclusivegrowth, createjobsandreducepoverty BETTER INFRASTRUCTURE FOR PRIVATE SECTOR GROWTH ...committingmoreresourcestowardsinfrastructuredevelopment andadoptinginnovativewaystohastendeliveryofbetterroadsand otherinfrastructurenecessaryforreducingthecostofbusinessand promotingcompetitivenessandtheproductivityofoureconomy
  3. 3. How tax payer’s money is shared 3.5%Agriculture,RuralandUrbanDevelopment ConstituencyDevelopmentFund(CDF) 1.5% 1.2% 1.4% 0.2% 0.9% 0.8% 19.3% 11.3% 14.7% 17.7% 2.7% 2.6% 4.9% 10.7% 6.7% ConsolidatedFundServices ContingenciesFund CountyShareableRevenue EconomicandCommercialAffairs Education Energy,Infrastructure&ICT EnvironmentProtection,Water&NaturalResources Governance,JusticeLawandOrder(GJLOS) Health Judiciary NationalSecurity Parliament PublicAdm.AndInternationalRelations SocialProtection,CultureandRecreation Nationalgovernmentexpenditureontravel,hospitality,advertisement,transferstosemi-autonomousagencies,andotheradministrativepaymentstodeclineasshareofspending ...to improve the efficiency and effectiveness of targeting of the safety net programmes, we shall move all the transfer payments to beneficiaries to a digital platform which should improve transparency, accountability and reduce costs. Henry K. Rotich - Cabinet Secretary for the National Treasury SOCIAL SAFETY NETS 19.1 bn ENERGY, INFRA-STRUCTURE & ICT 405.4 bn EDUCATION 335.8 bnNATIONAL SECURITY 112.5 bn HEALTH 59.2 BN TOURISM RECOVERY 6 bn SELECT SECTORS AllvaluesinKsh
  4. 4. 45Million =1Million GDp/Capita Growth Population 4.76 trillion largest economy in africa9 TH EstimatedGDPin2014 1,2-www.forbes.com/sites/faraigundan/2014/10/01/kenya-joins-africas-top-10-economies-after-rebasing-of-its-gross-domestic-product/ 2000 2001 2009 2013 ...GDPpercapitadoesnotnecessarilymeanthatKenyanswillbebetteroff nordoesitimplythattheexistingsocialeconomicchallengeshaveceased toexist.Kenyanswillbejustaspoor–orjustaswealthy–astheywerea yearago ...thenewGDPestimatestellsusisthattheeconomyisworthmorethan wethought.Thisgiveshopeanddrivethatthepoliciesputinplacetorealize thevision2030,oftransformingthecountryintoanindustrializedmiddle incomeeconomy... Averagewealthofthecountry’scitizens,GDPpercapita standsatKsh.111,330upfromKsh.88,813 AnneWaiguru CabinetSecretaryDevolutionandPlanning Nigeria SouthAfrica Egypt Algeria Angola Morocco Libya Sudan 1. 2. 3. 4. 5. 6. 7. 8. Ksh 111,330gdp Capita base year changed
  5. 5. 74%GDPthreshold Below set by the world bank in the Country Policy and Institutional Assessment (CPIA) Africa report Ideal threshold of 77% public debt-to-GDP Finding the Tipping Point - When Sovereign Debt Turns Bad 2.675 trillion Public debt 46.8% GDP Before rebase year www.businessdailyafrica.com/Rotich-dismisses-fears-Kenya-will-not-honour-debt/-/539546/2628202/-/244q59/-/index.html We have done a debt sustainability analysis, looking at it (debt) over the next 30 years in terms of payments plus interest... Henry K. Rotich Cabinet Secretary for the National Treasury “ MultilateraL Bilateral [ [ mAJOR DONORS 52% To facilitate financing of the expenditures that ordinarily would not be funded through multilateral and bilateral sources, the Government may resort to alternative financing sources including official Export Credit Agencies (ECAs). Projects financed via Export Credit Agencies (ECAs) Biometric Voter Registration (BVR) kits Standard Gauge Railway (SGR) Geothermal Development and Magnetic Resonance Imaging equipment loan 1. 2. 3. 4. Multilateral : IDA - International Development Association ADB - African Development Bank) / ADF - African Development Fund and EEC - European Economic Community / EIB - European Investment Bank
  6. 6. revised taxes Capital Gains Tax 0.3%withholdingtaxon transactionvalueofshares, insteadof5%fromsaleofshares Rental Taxes pay12%ofgrossrental incomeascomparedto 30%ofprofits Road Maintenance Levy +Ksh3perlitreonpetrol, levyfundwillgofrom Ksh9toKsh12perliter Car Import Taxes oldercarswillbetaxedata higherrate,priceofsecond handcarswillrise Gambling Winnings Tax 5%onwinnings,and7%on bookmakers’grossbetting revenues. Corporate tax lowercorporatetaxforcompanies whichwillhireatleast10fresh graduatesasinternsfor6-12months Sugar Import Tax Sugarimporterscharged dutyatrateof$460pertonne upfrom$200 kra 1.36 trillion a.i.a 103 billion Deficit 700 billion A.I.A-AppropriationinAid InternalandExternalBorrowing DirectTaxes: PAYE,CorporationTax,WithholdingTax, AdvanceTax 1.16 trillion Tax collected in 2014 Financing2 trillion! Thats a huge number Bonds | Securities | Loans Eurobond10-year$1.5billion(Sh131.3billion)and a5-year$500million(Sh43.8billion) EurobondsontheIrishStockExchangemarket CommercialbankstoincreaseminimumcorecapitalfromKsh1billion toKsh5billion, Bankscan’tlendmorethan25%oftheircorecapital. 1. www.standardmedia.co.ke/business/article/2000126608/eurobond-meaning-benefits-and-risks 2. www.kra.go.ke/incometax/incometaxtypesoftaxes.html 1 2
  7. 7. “ SGR Standard Gauge Railway 2013 OCTOBER 2017 DECEMBER Mombasa – Nairobi irrigation projects countrywide Modernization of the airport Expansion of Mombasa port ferries replacement Other Ongoing projects 1. 2. 3. 4. InitialRollingStock Supplied by China 1,620Wagons 40Coaches Diesel Locomotives56 Phase1:Ongoing Started Completion RouteLength 472km Mombasa-NairobiStandardGaugeRailwayProject,Kenya www.railway-technology.com/projects/mombasa-nairobi-standard-gauge-railway-project/ StandardGaugeRailway krc.co.ke/?page_id=124 1. 2. Galana/KulaluRanchIrrigationProject-GreenRevolution www.nib.or.ke/research-centre/84-nib/127-galana-kulalu-ranchirrigation-project-green-revolution.html Galanairrigationschemereadyforitsfirstplantingthisweek www.businessdailyafrica.com/Galana-irrigation-scheme-ready-for-planting/-/539546/2677598/-/h1s4w3z/-/index.html 1. 2. HighlightsOfThe2015/16Budget—the“Mwananchi”Guide www.treasury.go.ke/ 1. GALANA/ KULALU Ranch Irrigation Project Acres1.75Million Acres 500,000maize and other rotational crops i.e Beans Acres300,000Sugarcane Acres150,000Horticulture production including Potatoes Acres100,000Dairy products Acres50,000Orchards, Mangoes, oranges guavas Acres200,000Beef and Game animals finishing Israeli firm Green Arava, won Sh14 billion contract to develop the model farm ...going forward, we must all arise and summon our collective will and commit to tackling these challenges so as to unlock the full potential of our economy and achieve prosperity for all Kenyans. ...we are continuing to focus on implementing the six thematic areas critical to not only addressing the challenges ...but also driving our economy up the value chain to become a regional manufacturing hub on its way to achieving upper middle income status. Boost hope and create jobs Henry K. Rotich - Cabinet Secretary for the National Treasury
  8. 8. fyi Budgetcomesfromtheold Frenchbougette, meaning'littlebag' 190CSsays“MrSpeaker” 190timesduringthe budgetpresentation rebasereplacingbaseyearto compilevolume measuresofGDPwitha morerecentyear a.i.aIncomethata Government departmentis authorisedtoretain Eurobond Theterm"Euro"inthiscontextissimplyusedtorefertothe internationalaspectofthebonds.AEurobondis,therefore,abond thatisissuedinacurrencyotherthanthecurrencyofthecountry whereitisissued. Eurobondsareattractivefinancingtoolsastheygiveissuersthe flexibilitytochoosethecountryinwhichtooffertheirbondaccording tothecountry'sregulatoryconstraints. Multilateral/bilateral Bilateralaidreferstoassistancegivendirectlyfromadonor governmenttoarecipientcountry.Thedonorgovernmentmay providethisassistancedirectlytotherecipientgovernmentorto non-governmentalinstitutionsoperatingintherecipientcountry. Multilateralaidmeansmorethantwoparties.Thisiswhereadonor countrysendsfundstomultilateralorganizationsuchastheWorld BankandtheUnitedNations,whichinturnadministeraiddonations toseveralrecipientcountries. references #Budget2015KE:TreasuryCSHenryRotichfullbudgetpresentationvideo youtu.be/5He1PkjL2CQ HighlightsOfThe2015/16Budget—the“Mwananchi”Guide BudgetStatementFY2015/2016 www.treasury.go.ke/ Eurobond:Meaning,benefitsandrisks www.standardmedia.co.ke/business/article/2000126608/eurobond-meaning-benefits-and-risks DomesticDebtHits2Trillion www.businessdailyafrica.com/Domestic-debt-hits-Sh1-2trn-on-Jan-bond-sales/-/539552/2200726/-/126qq8lz/-/index.html DatafromWorldBank www.worldbank.org&sa=D&usg=AFQjCNHyD2vTDfK_Bzx8hZLTGzlGZKok5Q TreasuryProjectsPublicDebtLoadof2.2TrillionbyJune www.businessdailyafrica.com/Treasury-projects-public-debt-load-of-Sh2-2trn-by-June/-/539552/2211994/-/6cq7u1z/-/index.html RotichDismissesFearsKenyaWillNot HonourDebt www.businessdailyafrica.com/Rotich-dismisses-fears-Kenya-will-not-honour-debt/-/539546/2628202/-/244q59/-/index.html IMFandWorldBankRaiseTheRedFlagOverKenyaDebt www.businessdailyafrica.com/IMF-and-World-Bank-raise-the-red-flag-over-Kenya-debt/-/539546/2252232/-/68mp65/-/index.html InvestopediaTerms-Eurobond www.investopedia.com/terms/e/eurobond.asp#ixzz3f1ksI6Xj|Twitter:@Investopedia Whatisthedifferencebetweenbilateralandmultilateraldonors? answers.yahoo.com/question/index?qid=20070517044921AAFZxcp 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
  9. 9. We assist chief executives by Making complex data, reports or presentations visually appealing, impactful & memorable Try our work to see if its right for you, if not you can receive a full refund, no questions asked Here is to captivating audiences with visually appealing, impactful and memorable content. ammon@gorillastudios.co.ke neroh@gorillastudios.co.keor
  10. 10. www.gorillastudios.co.ke | Copyright © 2015 tm

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