President William Ruto underscored the potential fallout from the rejection of the Finance Bill 2024. Emphasizing the extensive repercussions of this decision, he warned that the rejection would have a significant impact on various facets of Kenyan society, including Members of Parliament (MPs).
President Ruto outlined the bill’s critical role in enabling the government to meet its obligations, such as hiring 46,000 teachers on permanent and pensionable terms. “The Finance Bill 2024 is not just a piece of legislation; it is a cornerstone of our commitment to improving the education sector and other vital services,” he asserted.
However, the President did not shy away from discussing the stringent measures that would follow if the bill fails to pass. He detailed a comprehensive list of 57 consequences that would affect all citizens, with MPs bearing a share of the repercussions.
The Finance Bill 2024, integral to the government’s fiscal strategy, includes provisions for various public services and development projects. Its rejection, according to President Ruto, would necessitate austerity measures and budget cuts across the board. Among the outlined consequences are:
- Educational Impact: The rejection would halt the planned recruitment of 46,000 teachers, affecting the quality of education and increasing the teacher-student ratio, particularly in underserved areas.
- Public Services: Reduced funding for healthcare, infrastructure, and social services would lead to a decline in the quality of life for Kenyan citizens.
- Economic Slowdown: The bill’s failure could result in reduced investor confidence, slowing economic growth, and exacerbating unemployment.
President Ruto was unequivocal in addressing the MPs’ role in the decision. He highlighted that MPs would also face specific consequences, potentially including:
- Reduced Allowances: MPs may experience a reduction in their allowances and benefits as part of broader budgetary cuts.
- Constituency Development: Funding for constituency development projects could be significantly curtailed, impacting local initiatives and services that MPs champion.
- Public Scrutiny: MPs who vote against the bill may face increased scrutiny and criticism from their constituents, especially if the rejection leads to tangible negative impacts in their regions.
