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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.

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