×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - 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
Financial Standard
Why local BPO sector stands out among its regional peers
Financial Standard
IMF boss warns global system not ready for AI cyber threats
Business
State threatens to revoke licenses of 13,000 Saccos over non-compliance
Business
Kenya tightens grip on crypto with Sh500m capital rule