The Narok County Executive Committee Member (CECM) in charge of Finance David Ole Muntet has tabled a budget of Sh15.7 billion for the financial year 2024/2025.
The budget is Sh1 billion more as compared to the previous year’s budget when the CECM presented a Sh14.7 billion budget.
The county projects to get Sh9.332 billion from the National Government transfers as equitable share and conditional grants from the National government of Sh. 162 million.
In the budget period 2024/2025, the County Government projected to collect Sh4.654 billion from local revenues sources, Maasai Mara park fee is expected to be the main source of the local revenue collection as it is targeted to generate Sh. 3. 420 billion.
‘In this regard, the county has already put in place viable revenue raising strategies for enhancing revenue collection in critical revenue streams with a view of ensuring that the revenue target is met,’ he said.
He added that the County would also seek to engage the private sector through public private
partnership in order to boost the financing of capital intensive programmes.
‘To raise additional funds, the County Government may seek external borrowing provided the National government guarantees, and the approval of the county assembly is obtained,’ he said.
Muntet said 34 percent of the budget to pay the salaries of the employees, 33 per cent will be used in the operations of the county while 33 percent will be used in development.
Health sector got the lion share of Sh3.3 billion that will be used to buy drugs and improve infrastructure in the public hospitals.
Education sector will receive Sh2.1 billion that will be used to help in building classrooms, giving bursaries to the less fortunate students and help persons with disability.
The road sector will get Sh1.6 billion that will be used to improve the road network within the county and agriculture sector will receive Sh1.1 billion to boost both livestock and crop farmers.
Source: Kenya News Agency