Treasury fears losing Sh214bn if Finance Act, 2023 falls

Treasury Cabinet Secretary John Mbadi.

Photo credit: File| Nation Media Group

The Treasury has pleaded with the Supreme Court to overturn a decision of the Court of Appeal quashing the Finance Act, 2023, arguing that the government will lose Sh214 billion if the judgment is upheld.

Appearing before the apex court on Tuesday, Treasury Cabinet Secretary John Mbadi, through senior counsel Githu Muigai, said the appellate court’s decision declaring the Act as unconstitutional will derail the government’s economic agenda and erase benefits to the public.

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