Kenya Can DO Without Finance Bill 2024, Says Treasury CS Nominee Mbadi
In a bold declaration during his vetting by Parliament’s Committee on Appointments, National Treasury and Economic Planning Cabinet Secretary nominee John Mbadi stated that Kenya does not require the Finance Bill 2024 to stabilize its economy.
Instead, he suggested that individual proposals within the Bill, which were not met with public resistance, could be brought forward as standalone legislations.
Mbadi assured that the withdrawal of the Finance Bill should not be a cause for concern. “We don’t have a lacuna,” he remarked, emphasizing that existing legislation can still be amended to ensure smooth revenue collection without the need for an omnibus bill.
He stressed the importance of proper public participation and transparency in the legislative process, addressing past criticisms that the public felt unheard.
Reflecting on historical practices, Mbadi noted that Parliament had previously passed Finance Bills later in the year, and interim taxes could still be collected. “There is no cause for alarm,” he reassured, urging Kenyans to remain calm as the government explores alternative ways to implement beneficial economic policies.
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Kenya Can DO Without Finance Bill 2024, Says Treasury CS Nominee Mbadi
