Clauses which will be amended in 2023 finance bill
All contentious provisions in the 2023 budget bill have been agreed upon by the parliamentary finance committee.
After a five-day retreat in Naivasha, the committee, which is chaired by Molo Member of Parliament (MP) Kuria Kimani, decided to change some of the contentious phrases.
The committee claimed that all public comments and petitions had been addressed, albeit they did not specify which parts had been changed.
The committee is anticipated to present its report on Tuesday of the following week before Treasury Cabinet Secretary Njuguna Ndugu reads the budgetbudget.
Despite the committee’s consensus, the political class continued to disagree with respect to the aforementioned law.
A group of Kenya Kwanza MPs, led by senate majority leader Aaron Cheruiyot, suggested that rather than criticizing the financial bill, the opposition should submit revisions to it.
Jimmy Wanjigi, a businessman, has criticized the proposed financialfinancial bill, calling it unrealistic and overly ambitious.
The controversial house levy of three percent is among the clauses which will be changed. The team is proposing that the employees will contribute 1.5% instead of 3%. The employer however, will not contribute to the scheme.
The contributions will be made as from next year January. Other clauses which will be amended will be made public tomorrow as the committee will be tabling their report in parliament.
Clauses which will be amended in 2023 finance bill
