It’s one week
since the Cabinet secretary for National Treasury Henry Rotich read the budget
for the financial year 2014/15.The total budget projected for FY 2014/2015 is Sh1.8
trillion compared with the previous year Sh1.3 trillion.
Every sector had its fair share of allocation of the
funds’ from devolution, health to Agriculture. Everyone had anticipations on
various sectors of interest. But for us Education sector was the key interest.
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Education sector received
a heavy boost in the allocation of funds in the financial year 2014/2015 as
compared to the ending financial year 2013/2014.
The government allocated Sh55 billion for University
education, sh.6.4billion for Higher Education loans board (HELB) and Sh7 billion for
technical training institutes.
The Sh.55 billion allocated for university education
will be shared amongst 22 universities and 6 university colleges.
Treasury
allocated Sh6.4 billion to Higher Education loans board up from Sh5.7 billion
allocated to the ending financial year
2013/2014.Loan agency, HELB which is currently sponsoring 164,000 students
in institutions of higher learning is expected to sponsor 70,000 freshers who
are set to join university in September.
LAIKIPA
UNIVERSITY PRESS
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