Sharp Daily
No Result
View All Result
Monday, September 7, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Heated Budget Debate on the Finance Bill 2023

Joel Mugonyi by Joel Mugonyi
June 15, 2023
in News
Reading Time: 2 mins read
Parliament

[Photo/ Courtesy]

Kenyans watching the National Assembly debate on the Finance Bill 2023 on Wednesday must have been captivated initially since every parliamentarian seemed to be fighting for them. The crucial question is, who was truly on Kenyans’ side?

Kenya Kwanza parliamentarians argued that the opposition, Azimio, did not want ‘hustlers’ to prosper, hence their dissent of the proposed Housing Fund deduction that kicked off as a contribution, “not a tax,” to a full-blow tax.

Azimio MPs were of the opinion that ‘hustlers’ were hoaxed during the campaigns and were bound to suffer more if the new tax measures were amended. The Finance Bill provides for revenue collection to fund the budget, which in the 2022–2023 financial year is set at Kshs3.7 trillion.

Read: Kenya’s New Budget: Unraveling the Variance and Allocation Breakdown

RELATEDPOSTS

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
Raila Odinga Mmebers of parliament

Raila Odinga to debate AUC chair opponents in Ethiopia

December 4, 2024

The Finance and Planning Committee Chairman, Mr. Kuria Kimani, expressed how Kenyans were happy to learn of the ballooned budget and the titbits promised to many sectors. He also disclosed that many frowned upon the contentious proposals that have dominated public discourse recently, including the housing levy, which was slashed from 3% to 1.5%. Driven by their patriotism, Kenyans informed them in a public forum that they did not want a refund after seven years. They also wanted the previous Kshs 2500 cap removed, as it would be unfair.

Mr. Kuria said that Kenyans wanted to own the houses they rent, but Mr. Wandayi, the minority leader, argued that it would take a teacher in a primary school located in the village he or she comes from 200 years to get the house. He further warned that the bill risks sparking a revolution, adding that it jeered the “hustlers” and threatened their lives.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

The Kenya Revenue Authority abandons its claim for KES 400 million from SBM Bank

Next Post

Diesel And Super Petrol Prices Fall As Kerosene Prices Increase

Joel Mugonyi

Joel Mugonyi

Related Posts

Analysis

Kenya holds central bank rate at 8.75%

September 4, 2026
News

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026
News

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026
News

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026
News

When Weak Financial Controls Become an Investment Risk

September 4, 2026
News

Strategic Partnerships Can Create Value Beyond a Company’s Core Business

September 4, 2026

LATEST STORIES

Kenya holds central bank rate at 8.75%

September 4, 2026

How financial institution failures affect the wider economy

September 4, 2026

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026

The Fed’s September Dilemma: Inflation, Oil and the Jobs Market

September 4, 2026

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026

When Weak Financial Controls Become an Investment Risk

September 4, 2026

Strategic Partnerships Can Create Value Beyond a Company’s Core Business

September 4, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024