Explainer: What happens if Parliament rejects Finance Bill 2024 in totality

Parliament in session. 

Photo credit: File | Nation Media Group

The Treasury has presented its worst-case scenario should the Finance Bill be rejected in totality in the National Assembly, warning of key expenditure cuts in an enforced adjustment to government spending plans.

According to the Exchequer, the rejection of the Bill would open a Sh200 billion revenue hole resulting in cuts of the same magnitude, which would impact key expenditures, including school feeding, cash transfers to the poor, and the hiring of medical interns.

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Note: The results are not exact but very close to the actual.