President William Ruto has Monday assented to the Supplementary Appropriation (No.2) Bill, 2024.
The Bill was passed by the MPs last week.
It seeks to revise budget allocations for the three arms of the government to address the Sh344 billion revenue shortfall following the rejection of the Finance Bill, 2024.
The total reductions for the national government is Sh145 billion consisting of Sh40 billion for the recurrent expenditure and Sh105 billion for development.
Out of the total Sh145.7 Billion reductions, the reductions for the Executive is Sh139.81 billion drawn from various ministries.
The bill contains a reduction of Sh3.7 billion for Parliament and Sh2.1 billion for the Judiciary.
In passing the Bill, the MPs struck a balance by reducing recurrent expenditure while safeguarding critical essential expenditure in the agriculture, health and education sectors among others.