The Economic Stimulus Programme (ESP) was a spending plan initiated by the Government of Kenya to boost economic growth and lead the Kenyan economy out of the 2007–2008 Kenyan crisis and the Great Recession.[1] It was introduced in the 2009/2010 Budget Speech[2] in parliament by Finance Minister Uhuru Kenyatta. Its aim was to jumpstart the Economy of Kenya towards long term growth and development, after the 2007–2008 Kenyan crisis and post-election violence that affected the Kenyan economy. Other economic problems included prolonged drought, a rally in oil prices and food prices, and the effects of the Great Recession.[3] The stimulus was a response to the decline in the economic growth rate from 7.1% in 2007 to 1.7% in 2009.[4]
The total budget allocated amounted to KSh.22 billion/=[5] (260 million US$), with the money going towards the construction of schools, horticultural markets, jua kali sheds and public health centres in all the 210 constituencies.
- ^ "Economic Stimulus Package". Economics Help.
- ^ "teyie Resources and Information" (PDF). teyie.com. Archived from the original (PDF) on 30 August 2011.
- ^ [1] Archived 28 September 2010 at the Wayback Machine
- ^ "Message from the Deputy Prime Minister". Archived from the original on 25 January 2011. Retrieved 19 April 2011.
- ^ "Kenya lines up Sh17b economic push – News". Daily Nation. Kenya. 3 July 2020.
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