{"id":20574,"date":"2024-06-14T08:41:11","date_gmt":"2024-06-14T08:41:11","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=20574"},"modified":"2024-06-14T08:41:12","modified_gmt":"2024-06-14T08:41:12","slug":"agricultural-budgets-in-kenya-and-uganda-down-by-at-least-0-2","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/06\/14\/agricultural-budgets-in-kenya-and-uganda-down-by-at-least-0-2\/","title":{"rendered":"Agricultural budgets in Kenya and Uganda down by at least 0.2%"},"content":{"rendered":"\n

As East Africa<\/u><\/a>\u2019s finance ministers read budgets on June 13, agricultural budgets in Kenya and Uganda decreased by differing margins.<\/p>\n\n\n\n

Kenya\u2019s agricultural kitty dipped by 0.2%  to 84.9 billion shillings ($656.871 million) for the 2024-25 period. In retrospect, the budget for the 2023-24 financial year had been higher at 98.1 billion shillings ($758.999 million).<\/p>\n\n\n\n

This is even as Uganda\u2019s agricultural sector\u2019s allocation fell short by 37% y-o-y, from 1 trillion Uganda shillings ($268.1 million) to 644.39 billion<\/u><\/a> Uganda shillings ($172.76 million).<\/p>\n\n\n\n

Uganda has given agriculture 1.6% out of a disposable 38 trillion Uganda shillings ($10.187 billion). The total national budget is 72 trillion shillings ($19.303 billion), of which 34 million trillion shillings ($9.115 billion) is for debt repayment.<\/p>\n\n\n\n

A similar case applies to Kenya whose budgetary portion for the farming sector is 2.1%, lower than 2023-24\u2019s 2.3%. In its part, the revised total budget at\u00a03.92<\/u><\/a>\u00a0trillion shillings ($30.329 billion) is higher than of the 2023-24 period. Additionally, the government will use a part of the budget to lower the national debt to 597 billion shillings ($4.618 billion). The debt current stands at\u00a0925 billion<\/u><\/a>\u00a0shillings ($7.156 billion).<\/p>\n\n\n\n

While 54.6 billion shillings ($422.44 million) will furnish the Ministry of Agriculture, 2.5 billion shillings ($19.342 million) will combat\u00a0locust<\/u><\/a>\u00a0emergencies. This is even as 2.4 billion shillings ($18.568 million) supports youth\/women farming and 182 million shillings ($1.408 million) addresses drought.<\/p>\n\n\n\n

There are however inner issues that have impacted each country\u2019s agricultural budgets that have led to an allocation drop.<\/p>\n\n\n\n

In Uganda\u2019s case, the government explains that the exit of key donors has made it imperative to cut the agricultural budget. This means the 2024-25 budget is down by 347.522 billion Uganda shillings ($93.17 million) from 2023-24\u2019s.<\/p>\n\n\n\n

For Kenya, priority has gone to education which has received the lion\u2019s share of 666.46 billion shillings ($5.156 billion).<\/p>\n\n\n\n

All in all, the agricultural budgets of the two East African nations are within the yearly expectations despite falling short, year-on-year.<\/p>\n\n\n\n

East Africa Agricultural Budgets Statistics<\/strong><\/strong><\/h2>\n\n\n\n

In the 2024-25 financial year, the agricultural budgets are small fractions of the total budgets in East Africa. For example, Kenya has allocated 2.1% to agriculture while Uganda has apportioned 1.6% of the respective total budgets. By and large, despite sidelining agriculture, the concurrent East African 2024-25 budgets prove expanding economies. They range from Burundi\u2019s $1.5 billion to Kenya\u2019s mammoth $31-billion<\/u><\/a> budgets. Tanzania has a total budget of $18.9 billion while Uganda rounds up with $19.2 billion. <\/p>\n\n\n\n

How much is the contribution of the agricultural sectors in Kenya and Uganda to national GDPs<\/strong>? <\/p>\n\n\n\n

Both countries rely on agriculture to foster economic growth. Agriculture represents 20%<\/u><\/a> of Kenya\u2019s GDP, according to a Central Bank of Kenya report of January 2024. The Food and Agricultural Organization (FAO) however puts the contribution higher at  33%<\/u><\/a> of Kenya\u2019s GDP. According to FAO, this is not all for agriculture also contributes another 27% of the GDP through interlinked sectors.  Uganda, on the other hand, depends on agriculture for 24.1%<\/u><\/a> of its GDP. This is the third highest representation after industry and services sectors. 62.9% to 68%<\/u><\/a> of employment chances in Uganda lie in agriculture, too, according to  the World Bank, in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

As East Africa\u2019s finance ministers read budgets on June 13, agricultural budgets in Kenya and Uganda decreased by differing margins. Kenya\u2019s agricultural kitty dipped by 0.2%  to 84.9 billion shillings ($656.871 million) for the 2024-25 period. In retrospect, the budget for the 2023-24 financial year had been higher at 98.1 billion shillings ($758.999 million). This is even as…<\/p>\n","protected":false},"author":3,"featured_media":20575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nAgricultural budgets in Kenya and Uganda down by at least 0.2% - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/06\/14\/agricultural-budgets-in-kenya-and-uganda-down-by-at-least-0-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agricultural budgets in Kenya and Uganda down by at least 0.2% - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"As East Africa\u2019s finance ministers read budgets on June 13, agricultural budgets in Kenya and Uganda decreased by differing margins. 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