To maintain this level a revised ceiling of K4 billion (K4, 013.3 million) has been allocated for the Capital Investment Budget to accommodate grants, loans, fixed commitments and a limited number of well performing ongoing projects.
This was revealed by Secretary of the Department of Planning & Monitoring, Hakaua Harry, during yesterday’s 2017 National Budget Press Lock Up.
The revised ceiling sees a reduction of K1 billion (K1, 082.6 million) for the 2016 appropriation level.
