Macharia Kamau

Tax incentives that drove EV numbers from 1,200 to over 35,000 at risk as zero-rated status shifts to exempt. ICPAK and tax analysts caution that removing incentives will trigger job losses.

President Ruto's ambitious plan to reduce Kenya's reliance on debt-funded mega projects is facing a harsh fiscal reality marked by persistent revenue shortfalls, and a widening budget deficit.

Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to cripple the economy but also pushback by Kenyans.

Kenya Plans To Raise Nearly Sh1 Trillion By Securitising Future Levies, Sparking Debate Over Hidden Debt, Transparency And Fiscal Sustainability.

Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to cripple the economy but also pushback by Kenyans.

Kenya’s Sh4.82T budget deepens debt concerns as domestic borrowing surges, raising fiscal deficit fears and pressure on private sector credit.

Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to cripple the economy but also pushback by Kenyans.

Mbadi’s Sh4.82T budget faces scrutiny amid rising inflation, heavy domestic borrowing and Finance Bill tax changes raising cost of living concerns.

Over the current financial year, the budget for State House was initially set at Sh8.58 billion but this, however, ballooned to Sh17 billion in the supplementary budget.

Over the current financial year, the budget for State House was initially set at Sh8.58 billion but this, however, ballooned to Sh17 billion in the supplementary budget.