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    HomePoliticsRuto needs Ksh2.67 Trillion to Deliver on Bottom-Up Economy Promise

    Ruto needs Ksh2.67 Trillion to Deliver on Bottom-Up Economy Promise

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    On Friday, November 11th, a report outlining the strategy for implementing the bottom-up economic model was published by the Parliamentary Budget Office in collaboration with Treasury Cabinet Secretary, Prof Njuguna Ndungu.

    The budget for President William Ruto’s first term in office was estimated to be Ksh2.67 trillion.

    The report said that in the first year, over Ksh467 billion would be needed to establish the Bottom-up model’s groundwork.

    The approach used by Treasury is predicated on the idea that frameworks for public-private partnerships would be used to carry out the majority of projects.

    The housing, energy, and water sectors were chosen for implementation via the collaboration between the government and the private sector because of the capital-intensive nature of these projects.

    The research states that the administration of Kenya Kwanza places a high value on agriculture. The report’s authors concluded that the Ruto government was serious about tackling agriculture’s problems, including its dependency on rainfall and its lack of automation.

    In the next five years, agriculture is expected to cost around Ksh250 billion.

    The plan also includes significant areas including small micro and medium enterprises, affordable housing and settlement, universal health care, and internet access via the ‘Digital Superhighway’ initiative.

    It was estimated that the affordable housing plan would cost Ksh397 billion, which is the same amount pledged to incubate and promote micro, small, and medium-sized enterprises.

    The government of Kenya has set aside Ksh258 billion to ensure that all Kenyans have access to quality healthcare that is free from financial hardship.

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