How newly passed Finance Act will affect the money in your pocket

The Government already got a lot of flack from critics after the June Budget. There were those who felt Treasury Cabinet Secretary Henry Rotich had singled out motorists, women and poor households as the biggest financiers of his spending plan, after he targeted products like cosmetics, kerosene, petrol and diesel in an excise tax plan.PHOTO: COURTESY

The Jubilee government finds itself in a difficult financial position in an election year.

It has to figure out how to fund a huge Budget without hurting the majority poor, who have less than 10 months to pass their verdict on the President Uhuru Kenyatta’s government at the August 2017 polls.