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President William Ruto assents to the Division of Revenue Bill 2023, (National Assembly Bill No. 9 of 2023) at State House, Nairobi, where counties will receive Sh. 385.4 billion for the 2023/2024 Financial Year. [PCS]
Kenyans are staring at tougher financial times if the Finance Bill, 2023, which proposes a flurry of new levies, if passed by Parliament.
Amid a biting cost of living, President William Ruto's government proposes to increase VAT charged on fuel, which will lead to higher fuel, electricity and other commodities prices, even as the National Treasury proposes new deductions.
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