Statehouse to Be Renovated at Ksh86 Million During the 2021/22 Fiscal Year, Says Treasury

President Kenyatta's administration has on several occasions been castigated for its unnecessary extravagance and increased borrowing.

Statehouse to Be Renovated at Ksh86 Million During the 2021/22 Fiscal Year, Says Treasury
The statehouse set for renovation at Ksh86 million. [Photo/ File]

The National Treasury has announced that the Statehouse has been earmarked for a facelift set to cost taxpayers at least Ksh86 million for the 2021/22 financial year.

As if that is not enough, the renovation expenses are expected to rise to about Ksh127 million by the 2023/24 fiscal year. Statehouse maintenance costs are also expected to shoot from the current Ksh110 million to Ksh172 million by the 2023/24 fiscal year. 

Sagana State lodge will also be renovated at Ksh21 million, while Nakuru and Mombasa Statehouses will be rebuilt at Ksh40 million. 

Treasury Cabinet Secretary (CS) Ukur Yatani is set to present the 2021/22 national budget of Ksh3.6 trillion to the parliament. 

This is reportedly set to be the nation's huge expenditure, where about 50% of it has been allocated to development matters. 

The government also intends to break its debt ceiling past the recommended Ksh9 billion. The public debt is set to rise to Ksh7.66 trillion by June 2021. 

Further, the debt is expected to continue shooting high to around Ksh8.59 trillion by June 2022, and Ksh9.37 trillion by mid-2023.

CS Yatani had previously disclosed that President Uhuru Kenyatta's administration may have to borrow about Ksh952.9 billion, to fund his last year in office 2021/22.

Kenyatta's tenure is set to end in 2022 when the country will go to the ballot to seek its next president. Although it has been feared that Kenyatta may extend his reign, he himself has promised to peacefully exit come 2022.