Wednesday, June 29, 2022

President Uhuru signs into law five parliamentary bills

President Uhuru Kenya has on Monday signed into law five parliamentary bills among them the supplementary budget.

“President Uhuru Kenyatta on Monday at State House, Nairobi signed into law five parliamentary bills among them the 2022 Supplementary I Appropriation Bill (Supplementary Budget).

- Advertisement -

Others were the 2021 Copyright (Amendment) Bill, the 2020 Kenya Deposit Insurance (Amendment) Bill, the 2022 Industrial Training (Amendment) Bill, and the 2019 Employment (Amendment) Bill.” Said State House

The newly signed supplementary budget will see the government disburse Ksh 139 billion that will be used to carter for security, drought related interventions, fuel stabilization and election preparedness.

An additional Ksh 34 billion from the supplementary budget will be used to stabilize the current fuel crisis in the country to cushion Kenyans against the high cost of the precious commodity affected by the global crisis.

“The newly signed Supplementary Budget unlocks a total Shs 139,752,936,287 exchequer funds for use in drought-related interventions; security operations; election preparedness; fuel stabilization; and settlement of pending bills among other pressing public needs.

A sum of Shs 34,446,813,295 from the Supplementary Budget has been allocated to the Government fuel stabilization programme aimed at cushioning Kenyans from high cost fuel prices occasioned by the worsening global energy crisis.” Said State House.

The Ministry of Education will also receive Ksh 2 billion meant to facilitate transition from 8-4-4 system to CBC curriculum.

The Copyright (Amendment) Bill which has also been signed into law will see a different allocation strategy where premium rate services will receive 8.5%, telecom operators 39.5% and artists not less than 52% of the revenue.

Job seekers through the new Employment (Amendment) Act will now be required to avail clearance compliance certificate only when a job offer has been issued to them unlike previously when they were to present it during the interview process.

Present during the ceremony were Leader of Majority in the National Assembly Amos Kimunya, Chairperson of the Budget and Appropriations Committee in the National Assembly Kanini Kega and Clerk of the National Assembly Michael Sialai.

- Advertisement -

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

2,572FansLike
123FollowersFollow
- Advertisement -

Latest Articles