NCBA Investment Bank
NCBA Investment Bank
June 12, 2025 at 06:30 AM
*Mbadi walks tightrope as Gen Z riots shape Budget* The Finance Bill 2025 is expected to yield Sh30 billion in revenues, a far cry from the aggressive new revenue measures in 2024 when deadly protests broke out against the government’s measures to raise revenue. More than 50 people were killed when the youth-led marches broke out last June, forcing President William Ruto to abandon tax hikes worth Sh346 billion. The Sh30 billion is lower by Sh314 billion of last year’s target and less than half what the State aimed to raise after it brought new taxes in December to plug budget holes. Treasury Cabinet Secretary John Mbadi said the fear of protests forced the abandonment of aggressive tax hikes amid the pressure to raise additional revenues from tax cheats. _*Source: Business Daily*_
Image from NCBA Investment Bank: *Mbadi walks tightrope as Gen Z riots shape Budget* The Finance Bill 2...
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