Discover and read the best of Twitter Threads about #financebill2023

Most recents (5)

That 16% fuel levy is the poison chalice that is in this #FinanceBill2023, Mr Speaker. Once we implement the 16% on fuel levy, everything else we go up in this country. Let us not hide ourselves or close our eyes to reality. - @JunetMohamed #BungeLiveNA Image
Let us not accept. I'm told the proposal might be from IMF, from where...let us not care. This House must stand together and must stand with the people of Kenya because we must make life bearable for them. That is our work, that is why they elected us. -@JunetMohamed #BungeLiveNA
Can I tell the Majority Leader that the housing levy that he has alluded to in the Azimio Manifesto is completely different from what is in this Bill. - @JunetMohamed #BungeLiveNA
Read 4 tweets
The Coast region where I come from is known for cement manufacturing. This cement industry has for a long time stifled because of imported cement. - Hon. Owen Baya #BungeLiveNA
A lot of the Chinese have built these roads through imported cement and yet this country has the capacity to produce cement, employ many people and use the local resources to create wealth for this country. - Hon. Owen Baya #BungeLiveNA
Today I'm happy because this #FinanceBill2023 imposes a heavy tax on imported cement, giving an opportunity to the cement industry in this country to develop. - Hon. Owen Baya #BungeLiveNA
Read 4 tweets
Hon. @KuriaKimaniMP moves that the #FinanceBill2023 be read a second time. #BungeLiveNA Image
The committee of finance and planning carried out the most extensive public participation in the history of Parliament. Our members of the secretariat sat hours reviewing the over 1500 memoranda sent to us by email, taking care to respond individually to each of those emails with… twitter.com/i/web/status/1…
This comes at a time when we also yesterday evening we did the estimates and appropriations. It's very interesting to note that the budget and appropriations committee when they were doing the public participation, the Kenyans who appeared before them all came with smiling faces.… twitter.com/i/web/status/1…
Read 25 tweets
Nominated MP John Mbadi has accused President William Ruto of lying to Kenyans during his presidential campaigns in the lead-up to the 2022 General Election.
#FinanceBill2023
1/ ImageImage
“You must implement your manifesto, but you were not truthful about it. You should have told Kenyans that when you elect us into the office, we will implement the housing program by levying 3 per cent of your salaries to finance it. That you didn’t tell Kenyans,” Mbadi said.
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"What Ruto told Kenyans was that Uhuru was overtaxing them & that he will make sure taxes come down. Today, taxes are going up, and you did not communicate that to Kenyans. So, the question is, are you really implementing the manifesto that you sold to Kenyans?” Mbadi posed.
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Read 4 tweets
FINANCE BILL 2023.

I've read through the #FinanceBill2023 in detail, and here is my thorough analysis of the main provisions put forth and their possible effects on the economy and Kenyans as a whole: Image
1/11 Lowering Prices of Cooking Gas: The Bill proposes to exempt LPG from VAT. This will lower the cost LPG hence ensure many households including Kenyans in informal settlement have clean energy for cooking.
2/11 Lowering Prices of Unga : The Bill proposes to allow zero - rating of supply of maize corn flour, cassava, wheat under the VAT act. This will allow Kenyans to continue accessing Unga at an affordable prices which is a staple food for many households.
Read 18 tweets

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