Budget Committee to Deliberate on New Finance Bill, Says Ndindi Nyoro

The National Assembly Budget and Appropriations Committee is set to resume sessions next week to deliberate on the Finance Bill 2024-2025, according to Committee Chairperson Ndindi Nyoro. This comes a week after President William Ruto withdrew the bill with a memorandum.

Nyoro announced the upcoming deliberations while speaking at Kiharu Technical and Vocational Training College, where he disbursed bursary funds. He emphasized the urgency of the committee’s task, highlighting the necessity of ensuring that the government has the necessary resources to actualize its operations.

“The members will start the deliberations on the Finance Bill next week, to ensure the government will have resources to actualize operations,” Nyoro stated.

The Finance Bill 2024-2025 is crucial for outlining the government’s revenue-raising measures for the fiscal year. The bill’s withdrawal by President Ruto underscores the administration’s commitment to revising and refining the financial strategies to better align with the country’s economic goals and challenges.

As the committee prepares to reconvene, stakeholders and the public will be keenly observing the deliberations. The outcomes will significantly impact the country’s economic landscape, influencing everything from tax policies to public expenditure.

Nyoro’s remarks at the bursary fund disbursement event also shed light on the government’s broader commitment to education and vocational training. By supporting institutions like Kiharu Technical and Vocational Training College, the government aims to empower the youth with skills necessary for the job market, thereby contributing to economic growth and development.

As the National Assembly Budget and Appropriations Committee gears up for these critical discussions, the anticipation is high. The decisions made in the coming weeks will play a pivotal role in shaping Kenya’s fiscal policy and economic direction for the upcoming year.