Legal change whittles down Treasury secrecy in Budget

National Treasury CS Henry Rotich presenting the budget estimation at Parliament. [Boniface Okendo/Standard]

The national budget will now be made public in the month of April following radical amendments to the Public Finance Management Bill that now require Treasury to table the estimates and the bill on taxes before June.

The Cabinet Secretary’s reading of the budget in June will merely be ceremonial, as Parliament will have gone through his wishlist and the Finance Bill, approving or turning down any new taxes beforehand.