On 15th June, 2023 the Cabinet Secretary, in charge of National Treasury, Professor Njuguna Ndung’u presented the budget statement to the Speaker of the National Assembly themed “Bottom-Up Economic Transformation and Climate Change Mitigation /Adaptation for Improved Livelihoods of Kenyans”. This comes at a time when Kenya is experiencing a challenging external and domestic environment occasioned by the worst drought spell as well as the adverse Covid-19 post-pandemic effects.

The total revenue projected inclusive of Appropriation-in-aid and grants for FY 2023/24 budget to be Kshs 2.96 trillion which is an equivalent of 18.2% of GDP.

Description	Amount in Kes
Taxes	2.57 trillion
Ministerial Appropriation-in-aid	348.7 billion
Grants	42.2 billion
Total Revenue Projection	2.96 trillion