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Treasury CS Njuguna Ndung'u delivered the Sh3.9 trillion 2024/25 Financial Year Budget Statement on June 13. Due to economic challenges, the budget had been revised downwards from a previous figure of Sh4.2 trillion. Kenyans are up in arms against the government for instituting tax measures that further raid their already constricted household budgets.
Politicians from both sides of the aisle have not made things any better by cherry picking contentious issues in the budget such as the motor vehicle circulation tax, and blowing them out of proportion. Thus, a cloud of uncertainty has been created over the Finance Bill 2024/25. Public Finance 101 gives an operational definition of tax as a price that society must be prepared to pay for its transformation.
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