×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Treasury mulls budget cuts if Finance Bill 2024 fails

A group of youth staged demonstrations against the Finance Bill 2024 tax proposals on July 18, 2024. [Kanyiri Wahito,Standard]

The National Treasury has written to the Clerk of the National Assembly with a proposal to cut Sh178 billion from the Financial Year 2024/2025 budget as rationalization in anticipation of the failure of parliament to pass the Finance Bill 2024.

Finance Cabinet Secretary Prof Njuguna Ndungu in the letter has listed 45 offices within the executive, Judiciary, and parliament that will be hit by the budget cuts in case parliament fails to pass the bill.

Get Full Access for Ksh99/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Work Life
From rot to revenue: How farmers are redefining waste into wealth
Business
Kenyans grapple with stagnation, decline in earnings
By Brian Ngugi 20 hrs ago
Business
Regional units push Equity profit to Sh52.1b as Kenyan economy slows
Business
Agriculture sector borrowing balloons to Sh167.7 billion