No new taxes, just reforms as Mbadi unveils Sh30bn revenue plan in 2025 budget

NAIROBI, Kenya, June 12 – National Treasury Cabinet Secretary John Mbadi has assured Kenyans that the Finance Bill 2025 will not introduce any new taxes Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenyan government, represented by Budget Cabinet Secretary Mbadi, has unveiled a Sh30 billion revenue plan for the 2025 budget without introducing new taxes, following public protests against the prior tax proposals.
- The 2025 Finance Bill aims to generate revenue through reforms and improved compliance rather than tax increases.
- Mbadi emphasized the need for fairness in the tax system, noting a significant rise in tax expenditures from Sh393.1 billion in 2022 to Sh510.6 billion in 2023.
- Customs measures include reduced duty rates on tea packaging materials and wheat, alongside tax incentives designed to support local industries and housing initiatives.
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