Arbantone singer Maandy has voiced her opposition to President William Ruto’s contentious Finance Bill 2024.
The ‘Bubbly‘ hitmaker took to her Instagram stories to urge Kenyans to take action against the bill.
Maandy called on her followers to reach out to their Members of Parliament (MPs) and ask them to reject the proposed legislation.
“Call your area MP, tell them to reject the Finance Bill, tutamalizwa,” Maandy stated.
MPs for 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, chaired by Molo MP Kuria Kimani, 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.
What’s in the bill?
The proposed legislation encompasses alterations to various tax laws, including the Income Tax Act, VAT regulations, Exercise Duty policies, and amendments to the Affordable Housing Act.
One notable provision within the Finance Bill 2024 is the proposal to increase excise duty rates on fees associated with money transfer services offered by banks, money transfer agencies, and other financial entities.
Additionally, the bill suggests implementing a 16 per cent VAT on previously zero-rated items like ordinary bread, which could lead to increased consumer costs.
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