Financial experts warn MPs against passing Finance Bill as proposed

  • 3 Jun 2024
  • < 1
  • 〜 by Shammah Sirima


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 and potentially slide the country into even more difficult economic times if enacted in its current form

The Bill seeks to raise at least Sh302 billion to finance the proposed ambitious Sh3.9 trillion budget for the 2024/25 financial year.

The experts among them the Institute of Public Accountants of Kenya (ICPAK), the Institute of Economic Affairs (IEA) and the Institute of Public Finance (IPF) made their point during a session with the Finance and National Planning Committee of the National Assembly that is undertaking public hearings on the Bill.