Gov’t Reveals Measures Set To Table Finance Bill 2025
Isaac Mwaura, the government spokesperson, has confirmed Treasury Cabinet John Mbadi’s statement that the Finance Bill 2025 has yet to be filed anywhere.
During the weekly press briefing on Monday, April 14, Mwaura stated that a finance bill would be submitted only if the money obtained in the fiscal year 2024/25 is found to be insufficient to fund the projected budget for the fiscal year 2025/26.
This, Mwaura stated, would occur after April 30, when the budget process would be completed and the government would determine whether to table a finance bill.
“As per the established timelines, revenue-raising measures, such as the finance bill, only follow the release of the draft budget after April 30th,” he noted.
"No finance bill 2025 has been proposed, drafted, or tabled in parliament." Dr. Isaac Mwaura pic.twitter.com/31yZU89XEc
— HorizonTV Kenya🇰🇪 (@HorizonTVKenya) April 14, 2025
Mwaura, on the other hand, emphasized that the government would prioritize other revenue-generating methods above imposing new taxes in the coming fiscal year.
This, he claimed, will be accomplished by improving tax administration in existing tax policies and guaranteeing transparency and supervision of government spending.
The Budget Policy Statement (BPS), which estimates the 2025/26 fiscal year budget at Ksh4.26 trillion, has already been approved by the national assembly.
2025 Finance Bill is still in its views collection stage, any media reporting otherwise is misleading. pic.twitter.com/mfXEkQtAFT
— Hon. FCPA John Mbadi Ng'ongo, EGH (@JohnMbadiN) April 7, 2025
These words come just a few days after National Assembly budget committee head and Molo Member of Parliament Kuria Kimani indicated that additional taxes may be imposed if revenue collected does not meet ceilings in the 2019 fiscal year budget.
In an interview with NTV last week, the MP stated that the government generates revenue through three sources: taxes, donor money, and aid appropriation.
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The reason why a finance bill has not been tabled yet is because the government would need to evaluate the revenue collected from these sources.
It will also analyse it against the budget, and then chart a way forward to either generate more income from taxes or make budget cuts.
“Therefore, the national treasury would need to evaluate the data on how much is available through those sources of revenue in the last quarter of the financial year to anticipate budgets,” he stated.
“But in the event that there is evidence to show that the already existing tax measures, the appropriation in aid raised, and the donor commitments we have are sufficient to finance the ceilings, then there will not be a need for a finance bill.”
Gov’t Reveals Measures Set To Table Finance Bill 2025
