Home Business Treasury cuts NIS allocation by Sh10bn in 2022/2023 financial year

Treasury cuts NIS allocation by Sh10bn in 2022/2023 financial year

by kenya-tribune

Nairobi, Kenya, Feb 8 – The Treasury has reduced the budget allocation to the National Intelligence Service (NIS) by Sh10 billion in the 2022/2023 supplementary budget.

The Treasury slashed the budget for the security intelligence team from Sh 46.127 billion to Sh 36.127 billion in the financial year ending June 30.

According to the Njuguna Ndung’u-led Ministry, the Sh 10 billion cut is on account of budget rationalization.

“The Gross Approved Estimates for the National Intelligence Service during the financial year 2022/23 amounts to Sh46.1 billion for current expenditure. The Estimates have been adjusted to Sh36.1 billion under the financial year 2022/23 Supplementary Estimates No.1 for current expenditure,” Ndung’u said.

NIS is tasked with safeguarding the sovereignty and security of Kenya and her citizens through the provision of competitive, reliable and actionable intelligence that adds value to decision-making.

The spy agency is comprised of three divisions, each of which is headed by the Director appointed by the Director General in accordance to Section 15 of the NIS Act, 2012.

The divisions include; internal, external, and counterintelligence.

The budget cut comes as President William Ruto’s government has proposed to increase the spending plan for the 2022/23 financial year to Sh3.72trillion from Sh3.36trillion, with the main focus on recurrent spending to narrow the country’s fiscal deficit.

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