Financial experts and opposition leaders warn against the proposed Finance Bill 2024 in Kenya, citing concerns about its impact on low-income households. Governors have accepted a reduced proposal of Sh400.1 billion for equitable revenue share, down from their initial demand of Sh439.5 billion. MPs have allocated an additional Ksh 5 billion in Constituency Development Fund (CDF) despite criticism over tax burdens in the bill.
Kenyans after reading the Finance Bill 2024: https://t.co/5AqNnJhr3Z
Opposition leaders decry punitive tax measures in Finance Bill 2024 https://t.co/Aj0V5KPuYj
Finance Bill: MPs' headache in search for extra Sh302bn https://t.co/DICcqkuZYu https://t.co/nhAx5QfHQL
MPs Hike Constituency Fund: MPs allocate themselves additional Ksh 5B in CDF All constituencies to receive more Ksh 30M annually This despite uproar over tax burden contained in Finance Bill School feeding programme also re-instated in budget proposals #JKLive… https://t.co/UVdCw91C5J
Last month, the National Assembly approved Sh391.1 billion as equitable share to counties as proposed by the Treasury. Senators, however, rejected the allocation contained in the Division of Revenue Bill, 2024, insisting on Sh415.9 billion. https://t.co/NJc3F8JtFE
Finance Bill 2024: Gov't to cut borrowing from Ksh.700B to Ksh.514B https://t.co/h4EClXYdi6
Experts in the financial sector want MPs to throw away the punitive taxation measures as proposed in the Finance Bill 2024 warning that they will hit the poor hard if enacted in its current form. https://t.co/fQIPdicXX5
Governors have accepted a proposal by MPs of Sh400.1 billion as equitable revenue share in the next financial year, coming down from their demand of Sh439.5 billion. https://t.co/3Vg0mPceMf https://t.co/R9Ieet1S7g
Finance Bill 2024 will inflict more pain on low income households – LSK https://t.co/1ZMgdWNZX7
Financial experts warn MPs against passing Finance Bill as proposed https://t.co/U5OcUTgl4J https://t.co/N9j1ocsfQs