Stimulus Package 2020 Kenya

The kenya economic stimulus program abbreviated as esp was a spending plan initiated by the government of kenya to boost economic growth and lead the kenyan economy out of a recession at the end of the first decade of the 21st century.

Stimulus package 2020 kenya. It was introduced in the 2009 2010 budget speech in parliament by finance minister uhuru kenyatta. Kenya has predominantly focused on economic stimulus measures thus far cutting the mpc policy rate and reducing cash reserve ratios. While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic.

According to a summary from house and senate democratic leaders the legislation will. Congressional leaders on monday released the text of a far reaching 900 billion covid 19 relief package. Congress has given itself little choice but to immediately get to work on the next economic stimulus package as soon as president elect biden takes office first published on december 9 2020.

Nairobi kenya may 23 the government is planning to spend sh10 billion in employing over 200 000 youth to work under the national hygiene programme in measures aimed at cushioning them from the effects of coronavirus. There are also industry specific packages such as the 5 million available to the tourism. 2020 earnings however dipped by more than sh130billion as covid 19 brought the sector to its knees.

The project seeks to. Updated 6 26 pm et mon december 28 2020 cnn the new round of stimulus payments included in the 900 billion covid relief package are expected to start going out this week an administration.