The National Treasury projects to collect Sh95.84 billion from the housing development levy in financial year starting July, signaling a boost to President William Ruto’s plan to put up 200,000 subsidised houses annually for middle- and lower-income households.
Budget documents tabled in Parliament by the National Treasury Cabinet Secretary (CS) John Mbadi shows the statutory deductions from pay slips will grow by nearly half (46.26 percent) compared with Sh65.53 billion estimates for the current year.
