THE budget will
have an expenditure envelope of K14.2 billion which is down from where it was
for 2015, with a total revenues at K12.1 billion.
It is a deficit
of K2 billion or 3.7 percent of GDP within fiscal responsibility anchor limits,
with a total debt to GDP ratio or just over 35%.
The national
budget reduced from K16.2 billion in 2015 to K14.2 billion in 2016 due to a
decrease in the operational component from K8.1 billion to K7.6 billion.
A decrease in the
Capital Investment Component has come down from K7 billion to K5.1 billion in
2016, with an increase in public debt interest from K1.1 billion to K1.5
billion.
Two components
of the Public Investment Program (PIP) for 2016 include Domestic Financing and
Donor Project Grants.
Domestic
Financing consists of a decrease in Services Improvement Program (SIP) funding
of K1.4 billion- a decrease from K1.8 billion in 2015 (decreased due to the
exemption).
Other fixed
commitments decreased by 50% to K557 million from K1 billion in 2015
Ongoing Projects
K761 million from K1.5 billion in 2015 and New Projects at K346 million from
K373 in 2015.
Donor Project
Grants stand at K1.1billion from K1.4 billion in 2015.
All in total
K5.1 billion Public Investment from 2015’s K7 billion figure.
The overall
expenditure ceiling for the Public Investment Program of K5.1 billion
accommodates K3 billion Direct Government funds, K930 million concessional loan
funded projects and K1.1 billion of project support grants from development
partners.
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