Impact of Finance Bill withdrawal hits State revenues

Sustained street protests by the youth earlier this year forced President William Ruto to withdraw the Finance Bill, 2024. [File, Standard]

The withdrawal of the Finance Bill, 2024 has had major repercussions on the functioning of the government, with the biggest casualty being development projects, which have gotten off to a slow implementation.

The withdrawal of the Bill, which happened towards the end of the financial year, forced the government to draw up a new budget for the 2024-25 financial year....