Topic: Treasury
Kenyans to benefit from reduced VAT, tax relief as Govt unveils new budget plans
Sep 10, 2024 at 10:03 AM
The government has unveiled a significant economic reform package that could provide much-needed relief to struggling households and businesses....
KRA agents set for penalty relief as bill seeks to amend tax laws
Aug 26, 2024 at 09:38 AM
Kenya Revenue Authority (KRA) agents could soon breathe a sigh of relief as a proposed amendment to the KRA Act seeks to alleviate penalties imposed on them for delayed remittance ...
Mbadi hints at resurrecting rejected Finance Bill 2024 proposals to fill Sh150 billion deficit
Aug 19, 2024 at 10:38 PM
Treasury Cabinet Secretary John Mbadi has signalled a potential return of controversial tax proposals as the government grapples with a yawning fiscal deficit....
Former Treasury CS Njuguna Ndung’u exposes Kenya's deep-rooted corruption
Aug 13, 2024 at 02:27 PM
Former Cabinet Secretary for the National Treasury, Njuguna Ndung’u, has painted a damning picture of the financial irregularities plaguing the government of President William Ru...
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Kenya picks German company to replace De La Rue in printing new banknotes
Aug 08, 2024 at 06:37 PM
Kenya government has opted for a German company to print its new banknotes, just months after the previous currency printer, De La Rue Kenya EPZ Limited, shut down its local operat...
Ruto walks fiscal tightrope as he signs Supplementary Appropriations Bill into law
Aug 05, 2024 at 08:43 PM
On Monday, President William Ruto officially signed into law the Supplementary Appropriations Bill, a legislative instrument designed to navigate Kenya’s challenging fiscal terra...
Fifteen State Departments set for merger or abolition in cost-cutting drive
Jul 26, 2024 at 04:55 PM
A far-reaching overhaul of Kenya’s government structure is on the cards as the National Assembly’s Budget and Appropriations Committee prepares to recommend the merger and abol...
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First and Second Lady’s offices to retain funding despite calls for cuts
Jul 25, 2024 at 05:38 PM
A surprise twist has emerged in the government’s austerity drive as the Budget and Appropriations Committee has defied public pressure and preserved funding for the offices of th...
Auditor-General questions Sh1.6 billion discrepancy in fuel testing tender
Jul 09, 2024 at 10:00 AM
Auditor-General, Nancy Gathungu, has raised concerns about a potential Sh1.6 billion loss in public funds related to a fuel-testing tender....
Treasury outlines strict remedial measures should MPs reject key tax proposals
Jun 21, 2024 at 12:37 AM
In a recent communiqué addressed to the National Assembly, the National Treasury has provided guidance regarding the conclusion of the supply and ways and means process for the fi...
What Kenyans should expect in proposed national budget taxation changes
Jun 14, 2024 at 06:20 PM
In a move set to impact Kenyans amidst the rising cost of living, the latest budget proposals reveal significant changes to taxation policies, aimed at addressing various socio-eco...
World Bank raises concerns over Kenya's revenue projections and tax policies
Jun 08, 2024 at 03:43 PM
The World Bank has issued a warning to Kenya, highlighting the negative impact of unpredictable tax changes on the country's economic stability....
MPs raise concerns over unfeasible revenue targets set by National Treasury
Jun 07, 2024 at 01:28 PM
National Assembly's Budget and Appropriations Committee has cast doubt on the achievability of revenue targets set by the National Treasury....
SGR secures Sh901 million from Treasury for security and ticketing enhancements
Jun 07, 2024 at 12:58 PM
In the upcoming financial year starting on 1st July, the Standard Gauge Railway (SGR) is set to receive Sh901 million from the government’s budget....
AKI raises concerns over proposed motor vehicle tax collection duties
Jun 06, 2024 at 12:45 PM
The Association of Kenya Insurers (AKI) has raised concerns regarding the administrative burden placed on insurance firms by the Treasury's proposed annual motor vehicle tax....
Treasury extends window for importation of duty-free sugar from outside COMESA
May 28, 2024 at 06:59 PM
The National Treasury has announced a two-month extension to the duty-free importation period for white and brown sugar from outside the Common Market for Eastern and Southern Afri...
Treasury seeks exemption for KRA to access personal data without a warrant
May 14, 2024 at 12:27 PM
In a controversial move to clamp down on tax evasion, the Treasury is seeking to amend the Data Protection Act, 2019, to allow the Kenya Revenue Authority (KRA) access to sensitive...
How key proposals in the Finance Act 2024 will affect your strained pocket
May 13, 2024 at 03:48 PM
Kenyans are brace for tougher times ahead as the government unveils new taxes on various goods and services in the Finance Bill 2024....
Job loss fears in public service rise as Govt mulls scrapping 130 parastatals
May 03, 2024 at 11:28 AM
Uncertainty hangs heavy over the livelihoods of thousands of Kenyans employed by State-owned enterprises (SOEs) as the government embarks on a major restructuring program....
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
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