14: 20 Kenya Finance minister will shortly read the Budget in Parliament .
14: 25 Finance minister Uhuru Kenyatta poses for a photo opportunity outside Parliament Buildings moments before he reads the 2010/2011 Budget.
14:30 Finance minister Uhuru Kenyatta strolls into Parliament accompanied by his assistant Oburu Odinga and Planning minister Wycliffe Oparanya
14:32 Speaker Kenneth Marende leads the House with a word of prayer.
14: 35 Mr Kenyatta says the theme of the Budget is towards sustained economic growth and development.
14:38 He says that the economy has recovered with a growth of 2.6 pc recorded in 2009 up from 1.6 pc in 2008.
14:40: The Exchange rate has remained stable, but weakened in May as a result of prices in the Euro zone.
14: 43 GDP growth projected by between 4.5pc and 4.7pc
14: 45 Mr Kenyatta says the government will focus on long term efforts as it consolidate economic recovery.
14: 47 Kenya must maintain a high growth path and will implement strategic measures including accelerating privatisation, social sectors.
14: 49 Framework will address unemployment among youths by promoting entrepreneurial skills.
14: 50 Low inflation at 5pc and expand economic opportunities for Kenyans.
14: 52 Mr Kenyatta says government will prioritise infrastructural projects to drive economic growth.
14: 53 Kenya fully committed to implement the EAC framework.
14:54 More needs to be done in tax compliance to ensure government meets its revenue target.
14:55 Mr Kenyatta says tax evasion is an economic crime and government response will be swift and indicts forex bureaus of aiding the vice.
14: 57 Directs KRA and Central Bank to carry out audit of forex bureaus and report to him by end of September. VAT refunds within 120 days.
14: 59 He says there's room for improvement of ministries spending within the financial year and urges tem to absorb 80pc of development monies.
15:00 Reduce domestic borrowing to a 38pc in 2010/2011. Government has developed a strategy on debt refinancing.
15: 02 Savings form debt refinancing will be used to fund critical development projects.
15:03 Mr Kenyatta says Regulatory Bill, if enacted, will check unilateral and arbitrary costs of doing business.
15:04 He says Treasury will push for enactment of various bills, including Partnership Bill, to improve the business climate in the country.
15:05 Severe penalties imposed on businesses involved in fraud.
15:07 Government has prioritised security projects to attract investments into the country. Mr Kenyatta says confident Kenyans will see fruits of investments soon
15:08 Sh182bn allocated towards financing prioritised infrastructure projects.
15:10 Sh17.86bn allocated to improve Kenya's road network.
15:12 Sh4.2bn to open up Kisumu as one of Kenya's Vision 2030 towns.
15:14 On energy, Mr Kenyatta says government will expand resources to acquire cheaper energy. ERC will review electricity tariffs with a view of making cost of power predictable.
15:15 Sh31.5bn to fund expansion in the energy sector, which include 5bn to fund rural electrification.
15:17 Operational efficiencies have undermined doing business especially at the port of Mombasa says the Finance minister. Government will fast track construction of a standard gauge railway at the coastal town.
15:19 Sh1.9bn to upgrade commuter transport in the capital.
15:20 Mr Kenyatta says education is a key pillar to economic development for any country and allocates Sh9.2bn towards Free Primary Education and Sh16bn towards Free Secondary Education.
15:21 Purchase of 300 computers in each constituency to ensure that they embrace ICT.
15.23 Mr Kenyatta allocates Sh1bn towards recruitment of 15 nurses and 5 technical staff for every constituency to improve health.
15: 25 He says investment in rural agriculture, including fish farming, is paramount and allocates Sh5.7bn to maintain roads, improve market access, research and other interventions.
15: 27 He allocates Sh14.3bn to the CDF to finance development projects at the constituency level and assures MPs of speedy disbursement.
15:29 Mr Kenyatta says government will diversify to other potential areas through irrigation around Tana, Makueni to improve food security.
15:30 Provides for recruitment of six extension officers in every constituency and mobile food driers.
15:34 A breakdown of communication interrupts the reading of the Budget temporarily.
15:37 Communication is restored and Mr Kenyatta says ASAL areas face challenges but there's social economic potential that can be exploited to improve livelihoods.
15:39 Allocates Sh16bn to financing key projects in the ASAL areas including construction of hospital and low cost schools.
15:41 Sh200m to allow construction of watering holes for livestock to benefit pastoral farmers.
15:43 Sh250m for construction of an additional 10 slaughter houses to boost the beef industry.
15:46 Mr Kenyatta says the government has developed strategies to deal with climate change and allocates Sh1.5bn to ensuring conservation efforts are strengthened.
15:49 He says that youth unemployment remains a major challenge for the government and says the key to a prosperous Kenya lies with the youth.
15:46 Mr Kenyatta says the government has developed strategies to deal with climate change and allocates Sh1.5bn to ensuring conservation efforts are strengthened.
15:49 He says that youth unemployment remains a major challenge for the government and says the key to a prosperous Kenya lies with the youth.
15:51 Mr Kenyatta allocates Sh1bn to initiate expansion of training institutions towards equipping youth with skills to get employment, grow SMEs. Measures will include reducing days required to start a business, get a business permit, among others.
15:55 He allocates Sh560m to upgrade all 14 science and technology colleges countrywide.
15:58 Allocates Sh3.8bn to a revolving fund charged with extending credit facilities to 8.2m Kenyans engaged in the informal sector through SMEs.
16:02 Mr Kenyatta says government will take bold steps to but Kenya products to build the country.
16:06 He says the government will adopt leasing and mortgage as a platform to accessing cheap housing.
16:09 Implementation of last Budget affected by many factors, including prolonged drought and total revenues fell by Sh500m.
16:11 Mr Kenyatta says development expenditure for 2010/2011 is Sh321bn, out of which Sh96bn will be financed by appropriations aid.
16:13 Received Sh40.4bn in pledges from external sources, including donors.
16:15 Mr Kenyatta says fiscal framework of 2010/2011 is fully financed.
16:17 He proposes exempting import duty on poultry.
16:26 Finance minister proposes to amend the law to remove paying advance tax for PSVs drivers and conductors before acquiring licences.
16:29 Mr Kenyatta proposes to increase excise tax for malt beer.
16:31 Amnesty on taxation for remittances brought in by Kenyans in the Diaspora.
16:34 He proposes to amend law to aid Kacc remit funds from seized property to the Consolidated Fund.
16:37 Mr Kenyatta proposes to amend Central Bank Act to disclose information related to surveillance and fraud activities.
16:40 Amend law to allow pensioners to access their savings within 30 days down from the current 60 days.
16:42 Mr Kenyatta concludes the Budget Speech.
16: 45 Speaker Marende adjourns the House to June 15 and invites MPs to a luncheon hosted by Treasury.