Budget revised upwards by K5.5bn

Minister of Finance Felix Mlusu has made a total of K5.5 billion adjustment to some of the votes in the 2021/2022 budget estimates thereby revising the budget upwards to K1.995 trillion.

Among other adjustments, Mlusu said additional resources of K2.8 billion have been made to Parliament Vote and K500 million to the Office of the Vice President.

“Additional resources of K2.8 billion have been made to the National Assembly Vote for its operations and oversight function;

“Additional K500 million has been allocated to the Office of the Vice President for the procurement of motor vehicles; additional K394.3 million has been allocated to the Director of Public Prosecution for prosecution of cases,” said Mlusu in a statement presented to the House.

He added that arrangements have been made to ensure that state-produce trader ADMARC has the required finance of K95 billion for the purchase of maize and other crops from farmers.

“The report from the Cluster on Agriculture and Natural Resources requested for an increase in the allocation for the purchase of maize and other produce by ADMARC.

“I am pleased to inform the August house that arrangements have been made to ensure that ADMARC has the required finance of K95.0 billion for the purchase of maize and other crops from farmers subject to the passing of the budget by this august House,” Mlusu said.

According to Mlusu, the adjustments have been made after listening to the reports from all Political Party spokespersons on Finance, Parliamentary Committee on Budget, Cluster Committees and contributions by the legislators to the budget and also taking into account the country`s resource constraints.

Meanwhile, the estimates on the recurrent and development accounts for the 2021/2022 financial year will, from Wednesday this week, be considered by a committee of the whole house, vote by vote and that, thereafter, they be adopted.

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