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HomeNewsWetang’ula: MPs to vote on controversial Finance Bill 2024 when House resumes

Wetang’ula: MPs to vote on controversial Finance Bill 2024 when House resumes

“On Wednesday, June 26th, 2024, I declined to sign the Finance Bill 2024 and issued a memorandum to the National Assembly rejecting all its clauses,” Ruto said, explaining his decision as he signed the Appropriation Bill 2024 into law.

Adding, “Articles 221 and 222 of the Constitution mandate the Assent to the Appropriations Bill by June 30th annually to ensure seamless government operations, particularly in delivering critical services.”

Ruto directed the National Treasury to quickly prepare supplementary estimates to cut expenditures by the amount expected from the rejected Finance Bill 2024.

He explained that the reduction, amounting to Ksh346 billion, would be fairly distributed between the national and county governments, including adjustments across the executive, legislature, judiciary, and constitutional commissions.

“I have therefore assented to the Appropriations Bill 2024 and instructed the National Treasury to immediately prepare supplementary estimates to reduce expenditure by the amount of revenue that was expected to be generated by the rejected Finance Bill 2024.

“The reduction in expenditure, amounting to Ksh346 billion, will be borne equitably by both levels of government: the national and county governments. With respect to the national government, the reduction will be borne by the executive, the legislature, the judiciary, and our constitutional commissions,” he added.

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