Expect update on Finance Bill 2024 report next Tuesday – Molo MP
By Ascah Mwango, June 13, 2024National Assembly Finance Committee Chairman Kuria Kimani has urged Kenyans to be patient as they await updates on the contentious Finance Bill 2024.
In a statement shared on his X account on Thursday, June 13, 2024, the Molo MP stated that the committee is diligently working on the comprehensive report that is expected to have 1,000 pages.
In his statement, Kimani acknowledged the overwhelming feedback from Kenyans and explained the need for time to compile the report.
“Thank you great Kenyans for your views. We have retreated to do our report. See you on Tuesday. I have tried to respond to your calls and SMS as much as I could but unfortunately, I have a duty according to the law to compile a report – considering your views – by next Tuesday. It will be a 1,000-plus-page report. Back to work,” Kuria Kimani said.
The Finance Bill 2024 has sparked widespread debate and calls from citizens for MPs to reject it.
The hashtag #rejectfinancebill is trending on X as citizens express their concern that the Finance Bill is overly harsh and will place an undue burden on them.
MPs on Finance Bill
On Wednesday, June 12, 2024, MPs asked the High Court to dismiss a petition by Busia Senator Okiya Omtatah that seeks to block consideration of the Finance Bill 2024.
Advocate Sandra Nganyi, representing the National Assembly, argued that the issues raised were previously addressed in a 2018 case and are pending appeal. She claimed the petition is premature, as it challenges a bill not yet enacted.
“The petition is incompetent and an abuse of court process to the extent that the petitioners are challenging a bill which is yet to be enacted. We will be asking the court to dismiss it,” Nganyi said.
Omtatah countered, saying his petition is not related to the pending appeal and questions the bill’s introduction without approved budget estimates. He argued that the petition is timely since the National Assembly is already considering the bill.
“We are not challenging the merit of the Finance Bill. We are only asking the court whether the bill can be introduced at this stage where we don’t have the approved budget estimates,” Omtatah said.
Justice Lawrence Mugambi stated that a decision on the preliminary objections will be made in three days, with a ruling date set for June 19.
Omtatah previously challenged the 2018 Finance Act, arguing it was improperly presented for presidential assent after failing to secure the necessary support. This matter is still pending in the Court of Appeal.
Omtatah and Matindi assert that the Finance Bill 2024 is premature without an approved fiscal framework for the 2024-25 financial year.
They seek a court order to suspend the bill’s consideration, citing the constitutional requirement that budgets must include revenue and expenditure estimates, distinguishing between recurrent and development expenditures.
The Finance Committee of the National Assembly concluded public hearings and on Wednesday, June 12, 2024, drafted a report on the Finance Bill, 2024, which will be presented to Parliament next week. Over the past two weeks, the committee gathered public feedback across various counties, ending with a final session at KICC in Nairobi. Kimani expressed confidence that the report reflects all stakeholder perspectives.
During the hearings, the committee engaged with government agencies to discuss the potential economic impacts of public proposals. Environment Principal Secretary Festus Ngeno addressed the proposed Eco-levy, highlighting its role in funding waste management, public awareness, and green technology research. Committee members, including David Mboni, Julius Rutto, and Joseph Munyoro, raised concerns about the need for secure funding to ensure the levy’s effectiveness.
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