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"Withdrawal of Finance Bill 2024 left a Sh346 billion revenue gap"

📁 Source: Mondaq / ALN Legal Alert · Governance · Jun 19, 2026

The withdrawn Bill had aimed to raise an additional KES 346 billion to finance a KES 3.68 trillion national budget. President Ruto later said the resulting shortfall would force the government to borrow roughly Sh1 trillion more in FY 2024/2025.

Primary Source: https://www.mondaq.com/financial-services/1597846/finance-bill-2024-withdrawn

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