×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Treasury mulls budget cuts if Finance Bill 2024 fails

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By Brian Ngugi 25 mins ago
Business
Kingdom Bank partners with AWEP Kenya to boost women-led businesses
Real Estate
Satellite property prices feel the squeezy of the economy
Real Estate
What Kigali got right on housing as Kenya struggles with public trust
Business
Agency races against time to wrap up Sh20b WB power project