President Ruto directs Sh346 billion budget cut after Finance Bill rejection

President William Ruto signs the Appropriations Bill 2024 into law at State House Nairobi on June 28, 2024. 

Photo credit: PCS

President William Ruto has directed the National Treasury to prepare a mini-budget for the fiscal year starting July after he rejected the Finance Bill 2024, which was expected to raise an additional Sh346 billion.

On Friday, President Ruto signed into law Appropriations Bill 2024, which allows the national government and counties to spend even as he referred the County Allocation and Revenue Bill back to Parliament for reductions in allocations.

PAYE Tax Calculator

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